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

    msmarkBy No Comments2 Mins Read
    Trader Bullish on This Gaming Altcoin, Says One AI Crypto Project Will Do Well in Bull Run

    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.

    The analyst believes that GALA may bounce after hitting the Fibonacci areas.

    “GALA: buy here in green boxes if you like money.”

    Image
    Source: AltcoinSherpa/X

    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 analysis 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.”

    Image
    Source: AltcoinSherpa/X

    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.”

    Image
    Source: AltcoinSherpa/X

    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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    Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

    Generated Image: Midjourney

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