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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!👇️
SHIB technology and macro indicators show a bearish trend
Gate News bot message, from May 29 to May 30, 2025, the SHIB price fluctuated between $0.000013252 and $0.000014508 (with a fluctuation range of 8%), a key support level appears near $0.000013285, with significant buying pressure leading to an upward reversal.
In contrast, the resistance level around $0.000014500 indicates that the upward momentum is weakening. As SHIB stabilized at around $0.000013390 at the close on May 30, the decline in trading volume suggests that investors are adopting a cautious stance.
Geopolitical tensions and changes in trade policies, along with other macroeconomic factors, have intensified the fluctuation of the cryptocurrency market, including SHIB.
In addition, the microeconomic background indicates that over 2 trillion SHIB have flowed into exchanges, coupled with the descending triangle pattern, suggesting a potential bearish trend.
Source: CoinDesk