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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!👇️
Polygon (POL) To Rise Further? Emerging Pattern Signals Potential Upside Move
Date: Sat, May 10, 2025 | 05:30 PM GMT The cryptocurrency market continues to build on its recent strength, with Bitcoin (BTC) and Ethereum (ETH) leading the charge. BTC has crossed the $103K mark, while ETH has soared more than 66% in the past 30 days, now trading just below of $2,500 — its highest level in months. This bullish wave is spilling into altcoins too, including Polygon (POL). POL is currently up over 48% in monthly gains, now trading near $0.26. Its price action on the daily chart is beginning to show a potentially bullish setup, which could hint at more upside in the near term.
Source: Coinmarketcap Inverse Head and Shoulders Pattern Forms A classic inverse head and shoulders formation has emerged on the $POL chart. This pattern is widely regarded as a bullish reversal signal, suggesting that the recent downtrend may be coming to an end. The left shoulder formed in late March, followed by a sharp drop that created the head with a low of $0.1522 on April 7. Since then, POL has rebounded steadily, forming the right shoulder earlier this month. The price also bounced off the 50-day moving average, which has acted as dynamic support.
Polygon (POL) Daily Chart/Coinsprobe (Source: Tradingview) Now trading around $0.26, POL is testing its neckline resistance near the $0.2750 level. A breakout above this zone would validate the inverse head and shoulders pattern and could indicate the beginning of a sustained uptrend. What’s Next for POL? If buyers can push POL decisively above the neckline at $0.2750, it would confirm the bullish pattern and likely trigger further momentum. Based on the measured move from the head to the neckline, the projected target comes in near $0.3772. This implies a potential upside of more than 43% from current levels. With improving sentiment, a confirmed bullish reversal pattern, and momentum across the altcoin space, POL could be setting up for a strong run in the weeks ahead. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.