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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!👇️
LPT and OSMO Shows Strength As Key Resistance Approaches: Are Bigger Gains On Horizon?
Date: Fri, Dec 06, 2024, 06:31 PM GMT The cryptocurrency market continues its bullish trajectory as Bitcoin (BTC) reclaims the monumental $100,000 level, currently trading above this key milestone. Alongside BTC's dominance receding to 55..74% from a recent high of 61.53%, the altcoin market has started to shine. Two altcoins, Livepeer (LPT) and Osmosis (OSMO), are exhibiting significant bullish strength, both posting double-digit rallies today. LPT jumped an impressive 17%, while OSMO surged 13%, signaling the potential for even bigger moves in the near future.
Source: Coinmarketcap Livepeer (LPT) Livepeer (LPT) is currently trading at $22.53, sitting just below its key resistance trendline. A decisive breakout above the horizontal resistance at $24.65 (marked in blue on the chart) could signal the start of a powerful rally.
Should $LPT achieve confirmation above this level, it could target the next major resistance zones at $29, $32, and $36. This represents a potential upside of approximately 60% from its current price. The recent surge in volume and momentum supports this bullish outlook. Osmosis (OSMO) Osmosis (OSMO) saw a 13% rally today, pushing it past its previous resistance level of $0.68. Currently trading at $0.83, the token is now within striking distance of the next key resistance at $0.92.
If $OSMO breaks this level and confirms support above it, further resistance levels at $1.43 and $1.82 come into play, which could lead to gains of 73% and beyond. The breakout from prior consolidations and increasing RSI suggest strong bullish momentum, adding confidence to this scenario. Are Big Rallies on the Horizon? Both Livepeer (LPT) and Osmosis (OSMO) are demonstrating strong bullish trends, with critical resistance levels now in sight. With Bitcoin's dominance declining, altcoins are gaining market attention, and these two tokens are well-positioned for further growth. The clearing of their respective resistance zones could unlock significant upside potential for both LPT and OSMO. However, investors should closely monitor key levels and confirm breakouts before making decisions. Get more updates at: coinsprobe.com Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct thorough research and consult with a financial advisor before making investment decisions. #Altcoins #NFA