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- 🎁 12th Anniversary Celebration – Reward Distribution Notification
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- 【Gate Daily Market Digest】📊
Unlock today’s key crypto market insights at a glance!
Top Gainers⭐️ $SNAKEAI $YBDBD $BASEPTL $FPFT $TMAI
Trending Coins🔥 $YBDBD $LAUNCHCOIN $SPX $MIRAI $ANIME
#FearGreedIndex# #TopGainers#
- #May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be - Trading Myth vs Reality: Rising Wedge
❌ Myth
"A rising wedge is a bullish signal; buy immediately once the pattern completes."
✅ Reality
Proper rising wedge trading requires confirmation:
1.A clear break below the lower line (2 confirmed closes)
2.Volume increase on the break
3.A pullback that doesn't break above the lower line
💡 How to trade correctly:
· Wait for the pullback after the break
· Set stop-loss above the upper line
· If price breaks above upper line, volume must confirm or it's a false breakout
- What are Gate Post Ambassadors? One article guides you through the responsibilities and benefits of being a Gate Post ambassador!👇️
MATIC price prediction: Altcoin is poised for a 20% move!
The price of Polygon (MATIC) is trading in a range of $0.73 to $0.96 (red arrow) after being rejected by long-term resistance in early November 2023. During the week of January 22-28, 2024, the altcoin bounced off the support of the range. An upward pin bar candle (green arrow) at this support level has formed. This indicates strong buying pressure.
The weekly RSI (Relative Strength Index) has consistently stayed above the 50 level for the past few weeks. This suggests that the advantage is still with the bulls. Therefore, MATIC price is likely to rise to the resistance level of the range in the near future. This corresponds to a potential increase of 21.25% from the current price.
#HotTopicDiscussion#