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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!👇️
3 Altcoins with potential to reach ATH in the second week of June
The crypto market is gradually recovering, with many tokens recording significant increases in recent days. This positive development raises the question: Are there any altcoins approaching the new all-time high (ATH)?
From a technical analysis perspective, let's take a look at 3 altcoins that have the potential to set new price highs, assuming the market continues to maintain an upward trend this week.
1. LEO: Approaching the breakout threshold, the uptrend still has room to grow
The price of the LEO token has risen by 9.5% over the past week, currently trading around the $9.13 mark. With (ATH) all-time high of $10.14, LEO is now only about 9.9% away from the old high, indicating the possibility of a breakout in the short term if the market trend continues to be positive.
LEO's RSI is in the positive zone, above the neutral threshold but has not yet touched the overbought zone. This suggests that there is still room for upside momentum, and LEO can take it one step further – especially if it breaks through the two key resistance levels at $9.45 and $9.8. By then, setting a new ATH at $10.14 or even higher would be within reach.
However, the downside of this bullish outlook is the risk of a correction if market sentiment turns negative. If LEO cannot break the resistance level of 9.45 USD, the upward momentum may be halted and the price could reverse to the 8.94 USD or 8.65 USD range. Such a pullback would undermine the expectations for the current bullish trend.
HYPE has recorded a strong increase in a short time, quickly becoming one of the notable altcoins with the potential to reach a new ATH. Currently, this token is being traded at 36.76 USD, only about 20% away from the ATH at 42.25 USD.
If the market trend continues to maintain a positive state, HYPE could completely extend its upward momentum, especially when the price is fluctuating above the key resistance level of 36.47 USD. If it can turn this level into support, it will play an important role in triggering the next increase, paving the way for a breakout to 42.25 USD – or even higher.
However, the bullish scenario will only remain if investor sentiment continues to be positive. Conversely, if selling pressure appears before turning $36.47 into solid support, HYPE may come under corrective pressure. In that case, the price is at risk of falling back to the $31.26 area, overshadowing the short-term bullish outlook and raising doubts about the possibility of reaching the ATH in the near term.
After a rapid recovery from the previous decline, KET is emerging as one of the few meme coins showing remarkable resilience in the market. Currently, this token is trading at 0.53 USD, just 12% away from its ATH of 0.62 USD – a distance that can easily be narrowed if the upward momentum continues.
However, the resistance level of 0.56 USD is serving as the biggest barrier for KET's next advance. A successful breakout and turning this area into a support level will be the key factor in helping the price reach ATH or even establish a new higher price point.
The upward momentum is still present, but not without risks. If the current decline continues, or if investors start taking profits early, the KET price could slide to $0.5 – even lower. This not only loses momentum but also weakens the prospect of reaching ATH in the short term, while raising concerns about the risk of a deeper decline.
! KET 1 Day Price Chart | Source: TradingViewIn conclusion, all three altcoins – LEO, HYPE, and KET – are very close to milestones. If the market maintains its recovery momentum, the possibility of setting a new record price is very expected. However, investors need to pay attention to key resistance levels and closely monitor market sentiment fluctuations to promptly adjust investment strategies.
Taylor