Cryptocurrency analyst The Flow Horse, closely followed by cryptocurrency investors, announced that he expects a rise in three altcoins. The altcoins the analyst expects to rise are the native asset GALA of the Blockchain-based gaming platform Gala, the service token DYDX of the decentralized exchange (DEX) dYdX, and TIA of Celestia, a Blockchain built to enable anyone to start their own decentralized networks at minimal cost.
Analyst’s GALA and DYDX Analysis
Anonymous cryptocurrency analyst The Flow Horse listed the altcoins he expects to rise through his personal X (formerly known as Twitter) account. The first altcoin the analyst expects to rise is the native asset GALA of the Blockchain-based gaming platform Gala. The analyst noted that GALA is in an upward trend.
The Flow Horse stated that fundamental metrics such as cumulative volume delta (CVD), which aims to identify deviations by comparing buying and selling volumes within a specific time frame, have started to rise in GALA, expressing:
I bought some GALA. It seems to be killing short position traders. The rise in the altcoin is provided by the spot side, as can be seen from the very different spots, futures, and CVDs. Moreover, the crypto gaming sector has not yet made the expected breakthrough. This is one of the factors that highlights GALA. Additionally, the altcoin’s trend is strong, and the price is above the 20-day Simple Moving Average (SMA), Standard Deviation (SD), and Volume Weighted Average Price (VWAP).
The second altcoin pointed out by The Flow Horse is the service token DYDX of the decentralized exchange (DEX) dYdX, which stands out by turning an important resistance level into support among other factors. The analyst emphasized his expectation for a rise in DYDX with the following statements:
The key opening of DYDX has taken place, and while the spot CVD price is pulling up, the shorts in futures are closing one by one. The altcoin’s price testing the most important level of the last two years and then turning this level into support supports my expectation of a rise. Moreover, the DEX narrative is gaining strength every week. Be patient, you will see DYDX rise.
Expects Further Rise in TIA Coin’s Major Breakout
The third altcoin pointed out by the analyst is TIA of Celestia, a Blockchain built to enable anyone to start their own decentralized networks at minimal cost. The analyst underscored that TIA is moving within a major uptrend and recorded the following:
I bought more TIA. It has not yet made the real breakout. The open interest (OI) in derivatives for TIA is at half the price level.