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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) Slips 7%; Are Bears Gearing Up for a Bigger Move?
Bittensor (TAO) slips 7% in the past 24 hours and is showing mixed signs on its technical charts. As per CMC data, it is trading at $405 after facing resistance at $500. Throughout 2025, this altcoin has seen many big price changes, which make it both attractive and risky for traders.
It appears that the price has been moving in a consolidation phase since the early 2025 highs. In late 2024, TAO hit a high of over $740, but after that, it went through a correction that dropped the price to support levels between $168 and $200 in March-April 2025. After falling by 70% from its highest point, the token was able to recover a lot.
After a robust recovery, TAO is currently trading in a tight range, with resistance trendlines sloping down and support trendlines sloping up. Usually, this compression pattern ends with a breakout, and the volume tends to rise at the same time.
What’s Next In Bittensor (TAO) Price?
Presently, the 200-period EMA is below the price, showing the trend is still in a bullish phase. A bullish crossover was also noticed on the daily time frame between the 50-day and 200-day EMA levels, showing bullishness.
The social sentiment indicator stands at 0.21, which means the market is moderately positive but not in an extreme state. Recent bearish divergence is shown by the MACD histogram’s reading of -6.24, indicating that short-term momentum might be decreasing.
Important resistance levels are $500 and $550. Support is placed at $400 and $350. A move above $500 that is supported by strong volume could push the price to $550-600, whereas a fall below $350 could return to the March lows around $200.Highlighted Crypto News Today:
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