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- 🎉 Attention Alpha fans! Alpha’s latest TAG airdrop goes live today at 10 AM—first come, first served!
💰 Don’t forget to share your airdrop or points screenshot on Gate Square with the hashtag #ShowMyAlphaPoints# for a chance to win a share of the $200 token mystery box!
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✨ 5 outstanding posts: $20 each
📸 Pro tips:
Add a caption like “I earned ____ with Alpha. So worth it”
Share your points-earning tips or redemption experience for a better chance to win!
📅 Activity deadline: August 10, 18:00 UTC
Let’s go! See you tonight: https://www.gate.com/announcements/article - Hey fam—did you join yesterday’s [Show Your Alpha Points] event? Still not sure how to post your screenshot? No worries, here’s a super easy guide to help you win your share of the $200 mystery box prize!
📸 posting guide:
1️⃣ Open app and tap your [Avatar] on the homepage
2️⃣ Go to [Alpha Points] in the sidebar
3️⃣ You’ll see your latest points and airdrop status on this page!
👇 Step-by-step images attached—save it for later so you can post anytime!
🎁 Post your screenshot now with #ShowMyAlphaPoints# for a chance to win a share of $200 in prizes!
⚡ Airdrop reminder: Gate Alpha ES airdrop is - Gate Futures Trading Incentive Program is Live! Zero Barries to Share 50,000 ERA
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Event details: https://www.gate.com/announcements/article/46429 - Hey Square fam! How many Alpha points have you racked up lately?
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🥇 1 user with the highest points screenshot → $100U Mystery Box
✨ Top 5 sharers with quality posts → $20U Mystery Box each
📍【How to Join】
1️⃣ Make a post with the hashtag #ShowMyAlphaPoints#
2️⃣ Share a screenshot of your Alpha points, plus a one-liner: “I earned ____ with Gate Alpha. So worth it!”
👉 Bonus: Share your tips for earning points, redemption experienc - 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Pi Network (PI): Waiting for a breakthrough or continuing to decline?
In the past three days, Pi Network (PI) has maintained trading below the $0.8 level, currently in the consolidation phase just above the important support level. Current technical indicators show that the market picture is trending cautiously, with the Ichimoku Cloud reflecting ongoing bearish pressure, while the BBTrend momentum indicator has turned negative.
The current setup shows a clear hesitation from the market, as buyers struggle to regain control while sellers continue to test the ability to maintain nearby support levels. With resistance levels still high and short-term momentum fading, the next move of PI could determine the trend in the coming weeks.
Bearish pressure increases
The Ichimoku Cloud chart for Pi Network shows a structure that is primarily bearish. The current price action is trading below the red cloud (Kumo), a sign that the overall trend is still under the influence of selling pressure.
The Tenkan-sen (màu xanh) and Kijun-sen (màu đỏ) lines are both sideways and above the recent candles, reflecting the absence of short-term bullish momentum, as well as somewhat weak confidence in the recovery. In particular, the flatness of these lines further reinforces the image that the market is experiencing hesitation, as there has been no apparent attempt to break the higher price levels in recent sessions.
Looking ahead, the cloud is still thick and red, signaling that resistance is still strong. The Senkou Span A line (ranh the xanh) cloud boundary continues to be below the Senkou Span B line (ranh the đỏ) cloud boundary, maintaining the bearish Kumo spiral pattern. Moreover, the price has not been able to break the cloud, a clear indication that the buyers have not been able to regain control yet. Without a clear breakout through the clouds and momentum from Tenkan-sen and Kijun-sen, the current trend is still in favor of sellers.
The BBTrend indicator for the Pi Network has recently shifted into negative territory, currently at -1.85, after maintaining a positive range from May 22 to May 26. During that period, this indicator reached a peak of 8.71, indicating a strong upward momentum.
However, the recent shift to the negative zone indicates that bearish pressure is increasing, with previous upward momentum showing signs of weakening. This suggests that the market may be entering a consolidation phase or correction, with the possibility of prices continuing to face downward pressure.
BBTrend is an indicator that measures the momentum of a price trend, based on Bollinger Bands. Positive values usually indicate a strong uptrend, while negative values indicate bearish dynamics or weakness in an uptrend. With the current BBTrend level of -1.85, the market signals a decline in the strength of the uptrend. Without a quick reversal, the price may continue to be under downward pressure in the near term.
Pi Network is currently in a consolidation phase, with price action fluctuating just above a key support level. Specifically, the token is currently trading near $0.74, which serves as a short-term support level. If this support level is broken, the price may face strong selling pressure, opening up the possibility of falling to $0.65.
In case of a deeper downtrend, the next support level could be at $0.57, making the current support level even more important for the bulls. Conversely, if the PI can recover and attract new buying interest, the first resistance to watch out for is around $0.86. A break of this level would be a potential signal for a trend reversal, with the target heading towards the $1.3 level, marking the first time the price has crossed the $1 level since May 14.
If the upward momentum continues, the PI may test higher resistance levels at $1.67, opening up opportunities for a stronger bullish trend in the future.