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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!👇️
Curve DAO Token (CRV) Approaches Key Resistance – Will It Make Breakout?
Date: Fri, May 23, 2025 | 03:40 PM GMT The cryptocurrency market has mounted a solid comeback in recent weeks from its bearish Q1. Bitcoin (BTC) has managed to melt faces with its new all-time high of $111,970, while the impressive 48% monthly jump of Ethereum (ETH) is uplifting sentiment across altcoins — including Curve DAO Token (CRV). CRV has surged over 27% in the last month, and the charts suggest the rally might be far from over. Technical analysis points to a potential major breakout forming on the horizon.
Source: Coinmarketcap Approaches Key Resistance On the daily chart, $CRV is forming a textbook Cup and Handle pattern — a well-known bullish structure that often precedes strong upward moves. The “cup” began forming in late January, when CRV saw a steep rejection at $0.8895 before bottoming out and carving a rounded base — a hallmark of accumulation.
CRV Daily Chart/Coinsprobe (Source: Tradingview) More recently, CRV pulled back slightly to form the “handle” near $0.34, finding solid support at its 100-day moving average. This minor consolidation is a healthy sign, often seen before breakout attempts. Now, CRV is testing the neckline resistance between $0.84–$0.85, which has repeatedly acted as a ceiling for the price. As of now, CRV is hovering just below this key zone, trading at $0.84 — teasing a potential breakout. What’s Next for CRV? A clean breakout above $0.89, particularly if backed by strong volume and a successful retest of the neckline, would confirm the Cup and Handle formation and signal a bullish continuation. If this pattern plays out, CRV could next target $1.33, followed by the full breakout projection of around $1.44 — a potential 58% gain from current levels. While the broader market remains range-bound, all eyes are on Ethereum’s critical $2,700 resistance level. A breakout there could serve as a major altcoin catalyst, potentially boosting liquidity and interest in DeFi tokens like CRV. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.