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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!👇️
China's Ethereum skips the fall: In the race for the leadership!
Neo (NEO), which is called China's Ethereum, ended its silence and made a sharp rise.
Neo (NEO), which is called China's Ethereum, ended its silence and made a sharp rise.
Neo (NEO), one of the stars of the 2021 Bull, has been in the background for a while despite the rise of the market. The NEO, which was forgotten due to the prominence of fresh projects and the emergence of new trends, reminded itself with its latest move. The coin, which managed to increase by 7.34 percent against Bitcoin's (BTC) retreat to $ 43,000, took the second place in the "Top Riders" list.
Sellers are starting to show their influence!
The NEO, which exploded from $10.80 and climbed to $12.50 in a short time, could not withstand the selling pressure and eased to lower levels. The NEO, which is trading at $11.71, could make a move to $12.90 – $13.76 and $14.90, respectively, if it breaks $12 in volume and sustains above it. News from within the ecosystem will play a critical role in this process.
Factors such as increasing tension as the Fed interest rate decision approaches, the increase in BTC dominance, or the NEO's continued pricing below $ 12 will strengthen the hand of sellers. In such a scenario, a reaction from $10.75 can be expected first. If the downward movement continues, there may be a decline towards $9.68 and $8.67. In addition, daily closes below $8.67 will herald a new bearish process.
#Neo. # #Ceek. # Work.. #Lndx. # Raw. Trais.
# Gate Post Highlights # # ContentStar # # HotTopicDiscussion#