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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!👇️
Chainlink Eyes $20: Will LINK’s Momentum Push It Higher?
With the largest assets, Bitcoin (BTC) and Ethereum (ETH) trade close to the $108.7K and $2.7K range; other major altcoins are on the swing, to their former lows and highs. Among the altcoins, Chainlink (LINK) has slipped by over 2.37% in the past 24 hours.
Notably, in the early hours, LINK traded at a low range of $15.33. As the bulls took charge of the asset, it displayed a brief upside rally and climbed to a high of $16.18. At the time of writing, Chainlink trades at $15.69, with its market cap reaching $10.31 billion.
In addition, the market has observed a liquidation of $1.12 million in LINK according to Coinglass data. Also, the daily trading volume has increased by 45.01%, touching $437 million
Can Chainlink Break Out, or Will It Stall Here?
The four-hour technical chart of Chainlink has reported that the Moving Average Convergence Divergence (MACD) line is found above the zero line, and the signal line is sitting right on the zero line. This indicates the bullish sentiment is active. However, with the signal line, the momentum may still be in its early phase.
If the asset’s price graph steadily retraces below the current price, it could fall and send the Chainlink price toward its former lows at the $15.40 support zone. Further downside correction might invite the death cross to come forth and likely test the $15 level
On the upside, assuming the reversal of the LINK’s momentum, the asset could likely climb to test its nearby resistance range at around $15.98. A sturdy bullish takeover might trigger the golden cross to pop up and possibly push the altcoin to its former highs
Furthermore, Chainlink’s market sentiment is neutral, with the daily relative strength index (RSI) resting at 49.85. Also, there is no strong bullish or bearish pressure at the moment. The Bull Bear Power (BBP) reading of 0.0440 reflects a slight bullish pressure in the market, hinting at a cautious or early-stage of an uptrend.
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PEPE Riding the Green Wave: Will the 6% Spike Fuel More Gains?