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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!👇️
Ondo (ONDO) To Soar Higher? Key Harmonic Pattern Signals Potential Upside Move
Date: Mon, June 09, 2025 | 01:10 PM GMT The cryptocurrency market has kicked off the new week with an impressive upside move, with Bitcoin (BTC) and Ethereum (ETH) leading the charge. Both assets have climbed over 1.5% — BTC is trading above $107K, while ETH is now at $2,545. The renewed momentum is sparking fresh interest across the altcoin space, including Ondo (ONDO). The RWA token has bounced back into the green today, and a well-known harmonic pattern forming on its chart suggests that further upside could be on the horizon.
Source: Coinmarketcap Technical Patterns Hint at Upside Momentum A closer look at ONDO’s 4-hour chart reveals the formation of a Bearish Shark harmonic pattern, a well-known structure in technical analysis. While the pattern typically signals a potential reversal upon completion, it often allows for a short-term bullish continuation until the “C” point is reached.
Ondo (ONDO) 4H Chart/Coinsprobe (Source: Tradingview) Currently, $ONDO is trading near $0.84, and the pattern suggests that price action is heading toward the $0.97–$0.995 zone — the potential reversal zone (PRZ) where the pattern completes. This area aligns with the 1.13 Fibonacci extension, commonly used to predict the end of the Shark pattern’s final leg. If this harmonic setup plays out as expected, ONDO could rise another 14%–17% from current levels before facing major resistance. What’s Next for ONDO? The $0.97–$0.995 region will be key to watch. If ONDO reaches that level, traders should monitor for signs of exhaustion or reversal — which would be in line with the Bearish Shark pattern’s playbook. However, a strong breakout above this zone could invalidate the bearish setup and open doors toward fresh highs. For now, momentum is on ONDO’s side, and traders may see a continuation rally as long as the price holds above the short-term support near $0.80. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.