- Topic
3k Popularity
89k Popularity
121k Popularity
5k Popularity
2k Popularity
- Pin
- ๐ ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATHโthink it breaks through?
๐ Follow Gate_Square, vote and drop your reason.
๐ 4 winners split $100 Futures Voucher! - ๐ข Exclusive on Gate Square โ #PROVE Creative Contest# is Now Live!
CandyDrop ร Succinct (PROVE) โ Trade to share 200,000 PROVE ๐ย https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User ๐ย https://www.gate.com/announcements/article/46491
๐ Endless creativity ยท Rewards keep coming โ Post to share 300 PROVE!
๐ Event PeriodAugust 12, 2025, 04:00 โ August 17, 2025, 16:00 UTC
๐ How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - ๐ Gate Square #Gate Blue Challenge# ๐
Show your limitless creativity with Gate Blue!
๐ Event Period
August 11 โ 20, 2025
๐ฏ How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gateโs brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., โWishing Gate Exchange continued success โ may the blue shine forever!โ).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - ๐ The #CandyDrop Futures Challenge# is live โ join now to share a 6 BTC prize pool!
๐ข Post your futures trading experience on Gate Square with the event hashtag โ $25 ร 20 rewards are waiting!
๐ $500 in futures trial vouchers up for grabs โ 20 standout posts will win!
๐ Event Period: August 1, 2025, 15:00 โ August 15, 2025, 19:00 (UTC+8)
๐ Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.ย
#Altcoins Rally# ย A Bearish Pennant Signals a Shiba Inu Price Collapse
On the 2-day price chart, SHIB is forming a pennant pattern, which could break in either direction. However, the price is currently trading near the pennant's lower trendline, around $0.00001158, and a clear break below this level could signal a complete pattern breakout. The Shiba Inu price has attempted several rebounds from the lower trendline.
Additionally, the Average Directional Index (ADX) has weakened. It fell from 22 in mid-July to 18.4, indicating waning overall trend strength. A falling ADX near a pattern's support line typically indicates that the price is likely to decline without strong buying interest.
The Average Directional Index (ADX) measures the strength of a price trend, whether it's trending upwards or downwards. A falling ADX indicates that the trend is weakening and not gaining momentum.
If SHIB loses support at $0.0000115, it could fall further, as confirmed by the Input/Output settings. However, for this bearish setting to be invalidated, SHIB must first break above $0.0000132 and $0.0000137. However, if it can break above the pennant resistance, particularly around $0.0000150, the trend will turn bullish.