Flow

Gala

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 A widely followed crypto analyst is suddenly turning bullish on Gala (GALA) and two other altcoins. 
 Pseudonymous crypto trader The Flow Horse tells his 186,500 followers on the social media platform X that the native asset of the blockchain-based gaming platform Gala is in an uptrend. 
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 He says that key metrics like the cumulative volume delta (CVD), an indicator that aims to identify divergences by comparing buying and selling volume over a given time period, are flashing bullish. 
 “Bought some GALA. 
 • Looks like ‘drift of death’ for shorts. 
 • That drift up is all spot, as seen in very divergence spot, perp (perpetual&nbsp;future contracts) CVDs. 
 • Gaming sector, which has not truly had its day in the sun. 
 • Trend strong and intact 20-day SMA (simple moving average) + one SD (standard deviation) anchor VWAP (volume weighted average price) band holding.” 
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 Source: The Flow Horse/X
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 Gala is trading for $0.0301 at time of writing, up 1.3% in the last 24 hours. 
 Next up, the trader says that he is bullish on decentralized exchange (DEX) dYdX after it flipped a key resistance level into support, among other factors. 
 “DYDX unlock is over and spot CVD is roofing while perp still fades. 
 • DEX narrative getting stronger by the week. 
 • Technical retest of the most pivotal level of the last two years, resistance now support. 
 Patience. Higher.” 
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 <img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GAb0bvyW0AEHYHX?format=png&amp;name=large" alt="Image" width="1551" height="743">
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 Source: The Flow Horse/X
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 At time of writing, dYdX is trading for $3.08, down 1% in the last 24 hours. 
 Lastly, the trader says that Celestia (TIA) a blockchain built to enable anyone to launch their own decentralized networks at minimal cost, remains in a massive uptrend. 
 “Bought more TIA. 
 • This has yet to make anyone really chase or blow off. 
 • Derivs (derivatives) open interest is where it was when it was half the price.” 
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 <img loading="lazy" decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GAh-gpBW8AA6LIJ?format=png&amp;name=medium" alt="Image" width="1200" height="576">
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 Source: The Flow Horse/X
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 TIA is trading for $10.94 at time of writing, up 27.8% in the past 24 hours. 
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Crypto Strategist Flips Bullish on Gala, dYdX and One Red-Hot Altcoin – Here’s His Outlook

TheBitTimes

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