Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Price Trend Analysis
1. Candlestick Patterns:
- Recent prices have been oscillating around 3000 points, failing to break through the previous high of 3038, with support levels around 2900.
- Daily candlesticks show a series of small rebounds, but overall remain in the recovery phase after a previous sharp decline, with limited volatility.
2. Technical Indicators:
- MACD: In the 4-hour cycle, both DIF and DEA are below the zero line, with the MACD histogram gradually shortening, indicating weakening bearish momentum but not yet turning bullish.
- RSI: The RSI(14) value hovers around 40, not entering overbought or oversold zones, indicating market sentiment is neutral.
- EMA: The current price is close to EMA7 (2959), slightly below EMA30 (3022) and EMA120 (3112), suggesting a short-term weak trend with clear medium- and long-term resistance.
3. Volume:
- The 4-hour trading volume is shrinking, indicating strong market caution and lack of a clear direction.
- Daily trading volume has decreased significantly compared to previous days, suggesting insufficient upward momentum. $BTC $ETH