Altcoin Sherpa, a popular crypto trader, is a blockchain gaming platform. PREMIERE He stated that the price was on the rise.
Altcoin Sherpa believes Gala is gaining strength by finding support at $0.053 and $0.046, which represent the 0.5 and 0.618 Fibonacci retracement levels. The analyst believes that the altcoin price may bounce after reaching these Fibonacci zones.
As we reported as Koinfinans.com, GALA was trading at $0.0567, which is very close to this range. The 58th-ranked crypto asset by market cap is down more than 9% in the last 24 hours.
Altcoin Sherpa also shared his analysis on Bittensor (TAO), a decentralized blockchain platform focused on machine learning and artificial intelligence (AI).
“I would like to see this calm down and form a long-term bottom. I still think this will be a success this cycle as an AI leader, but things look ugly in the short term. In this product [dolar-maliyet ortalaması] “It will be between 400-500 dollars.”
TAO is trading at $522.02 at the time of writing. The 41st-ranked crypto asset by market cap is down more than 7% in the last 24 hours.
Altcoin Sherpa also says the charts may show a bearish trend for Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB).
“Some of these graphics look dirty. “I want to see some bounce here or ARB will potentially go to $1.20.”
ARB is trading at $1.46 at the time of writing. The 33rd-ranked crypto asset by market cap is down nearly 7% in the past day.
