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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Render (RENDER) To Bounce Back? Key Breakout and Retest Signal Potential Upside Move
Date: Sat, June 14, 2025 | 05:59 AM GMT The cryptocurrency market has recently experienced a shake-up following mounting geopolitical tensions between Israel and Iran. Ethereum (ETH) took a sharper 8% hit in last 48 hours, now hovering near $2,550. Unsurprisingly, altcoins weren’t spared — and Render (RENDER) is among the notable assets facing a pullback. RENDER saw a weekly decline of over 10%, but it's now showing signs of bounce back, turning green today. A classic technical breakout and retest formation suggests the token may be setting up for a potential bullish continuation.
Source: Coinmarketcap Descending Broadening Wedge Retest On the 4-hour chart, $RENDER had been trading within a descending broadening wedge pattern — a structure typically considered bullish due to its expanding range and weakening bearish momentum. The token dropped from its May 23 peak around $5.34 to a local bottom at $3.47 on June 6, forming lower highs and lower lows along the way.
Render (RENDER) 4H Chart/Coinsprobe (Source: Tradingview) But the narrative shifted on June 7, when RENDER broke out above the wedge near $3.85, flipping a long-standing descending resistance into fresh support. Following the breakout, price surged to $4.19, marking a short-term bullish reversal. Since then, price action has cooled, and RENDER is now retesting the previous resistance line as support, hovering around $3.47 — the same level as the prior local low. This kind of retest is common in technical analysis and, if held, often serves as a launchpad for renewed upward momentum. What’s Next for RENDER? The next few candles could be crucial for bulls. If RENDER holds above this $3.47-$3.50 support zone and manages to reclaim $4.19, the odds of a sustained rally increase significantly. The measured move target from the broadening wedge sits near $5.71, which aligns with a previous supply zone and marks a potential 60% gain from current levels. Additionally, volume has started to tick higher on bounces from the wedge support, suggesting renewed interest among bulls. A successful flip of $4.19 would also put psychological resistance at $5.00 back into focus. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions in cryptocurrencies.