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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!👇️
Bittensor (TAO) Leads Bounce Back With Key Pattern - Will Sui (SUI) Follow The Same Path?
Date: Sun, June 01, 2025 | 04:56 AM GMT The cryptocurrency market has kicked off June on a bullish note, bouncing back after a brief pullback in late May. Major altcoins are starting to show signs of recovery — and two of the most notable movers are Bittensor (TAO) and Sui (SUI), both flashing similar bullish reversal patterns.
Source: Coinmarketcap TAO and SUI Forming Bullish Butterfly Patterns As shown in the chart, TAO (left) has made a strong recovery from its recent low of $366, forming a textbook Bullish Butterfly Harmonic Pattern. This technical formation often signals a major reversal point — and it did just that. TAO has surged over 19%, reaching $437, where it now sits right at its 0.618 Fibonacci retracement level, often considered the first major resistance zone. If buying momentum holds, $TAO could climb further toward the 1.0 Fibonacci extension at $479.91. However, if the momentum fades, this 0.618 level may act as a reversal point, potentially leading to a temporary pullback before any further move up.
TAO and SUI Tokens Chart/Coinsprobe (Source: Tradingview) Meanwhile, on the right side of the chart, $SUI appears to be following a nearly identical setup. After dropping to a recent low of $3.05, it has started to recover, now trading around $3.28. This structure resembles TAO’s earlier movement, and if the pattern continues to play out, SUI could lead a fresh rally towards the 0.618 Fibonacci level at $3.82, followed by a possible target at $4.29 (1.0 fib level) — an upside of 31% from the current price. Final Thoughts Bittensor (TAO) has already led the rebound and is testing a critical resistance zone. From here, it may either face a short-term reversal at the 0.618 Fibonacci level or continue higher toward the 1.0 extension at $479.91, completing the bullish harmonic move. On the other hand, SUI is slightly behind in its structure but is now showing early signs of a similar rally. With momentum building, SUI is likely to lead a move toward its 0.618 Fibonacci level at $3.82, possibly following TAO’s path if the bullish sentiment continues across the market. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.