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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!👇️
PI Network Faces Increasing Selling Pressure As Future Token Unlocks Put Pressure on Price
PI is still locked in a narrow sideways range, but weakening momentum indicators are signaling a potential breakdown, as dilution risks weigh heavily on the circulating supply. Pi Network ( PI ) has been trading in a sideways consolidation range since mid-April, oscillating in a range of ~14% between $0.59 and $0.67. The price is currently testing the lower boundary of that range — currently at $0.58, increasing the risk of a breakdown to lower levels. RSI is at 38, much lower than the neutral level of 50 and not far from the oversold area. MACD also shows signs of fatigue. Although the MACD line is still slightly above the signal line, they seem to be approaching a bearish crossover point, indicating the possibility of a momentum shift toward the downside.
The price of PI has decreased and technical weakness may be supported by fundamental dilution risks. This month, 21.4 million PI tokens have been unlocked, equivalent to ~12.3 million dollars at the current market price. Although the April unlocking may be relatively modest, investors may be pricing in larger unlocks in the future. The overall monthly unlocking trend shows a steady increase in supply over time, with an expected average of over 131 million PI/month in the coming year.
Unless a major update is released or the PI Foundation burns a significant portion of the nearly 72 billion PI (71.991.181.249 π) held in their wallets, the risk of continuous downward pressure on PI remains high.