Sherpa

Gala

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 A popular crypto trader is bullish on a blockchain gaming platform.
 The pseudonymous analyst known as Altcoin Sherpa tells his 213,600 followers on the social media platform X that he sees Gala (GALA) finding support at $0.053 and $0.046, which represent the 0.5 and 0.618 Fibonacci retracement levels.
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 The analyst believes that GALA may bounce after hitting the Fibonacci areas.
 “GALA: buy here in green boxes if you like money.”
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 Source: AltcoinSherpa/X
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 GALA is nearing that range and trading at $0.0567 at time of writing. The 58th-ranked crypto asset by market cap is down more than 9% in the past 24 hours.
 Altcoin Sherpa also shares his <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> on Bittensor (TAO), a decentralized blockchain platform that focuses on machine learning and artificial intelligence (AI).
 “I’d like to see this one chill and form a long-term bottom. I’m still of the opinion that this will do well this cycle as an AI leader, but things looking ugly in the short term. Would [dollar-cost average] from $400-$500 in this one.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GKGyuxTXoAAlf9h?format=jpg&amp;name=4096x4096" alt="Image" width="2131" height="1179">
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 Source: AltcoinSherpa/X
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 TAO is trading at $522.02 at time of writing. The 41st-ranked crypto asset by market cap is down more than 7% in the past 24 hours.
 Altcoin Sherpa also says the charts could be looking bearish for the Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB).
 “Some of these charts look dirty. Want to see some bounces here or ARB is going to $1.20 potentially.”
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 Source: AltcoinSherpa/X
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 ARB is trading at $1.46 at time of writing. The 33rd-ranked crypto asset by market cap is down nearly 7% in the past day.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-bullish-on-this-gaming-altcoin-says-one-ai-crypto-project-will-do-well-in-bull-run-tbt84391.html">https://thebittimes.com/trader-bullish-on-this-gaming-altcoin-says-one-ai-crypto-project-will-do-well-in-bull-run-tbt84391.html</a>

Trader Bullish on This Gaming Altcoin, Says One AI Crypto Project Will Do Well in Bull Run

TheBitTimes

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