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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!👇️
Walrus (WAL) To Rise Further? Key Fractal Pattern Signals Potential Upside Move
Date: Mon, May 12, 2025 | 08:59 AM GMT The cryptocurrency market continues to build on its recent strength, with Bitcoin (BTC) and Ethereum (ETH) leading the charge. BTC has surged past the $104K mark, while ETH has climbed over 61% in the past 30 days and is now trading above $2,550 — its highest level in months. This bullish momentum is spilling into the major altcoins, and Walrus (WAL) is starting to attract attention. The token has already gained more than 38% over the last 30 days, and according to a key fractal pattern, the rally might be just getting started.
Source: Coinmarketcap WAL Mirrors SOLAYER's Breakout Setup In the chart below, the left panel shows Solayer (SOLAYER) on the daily timeframe. SOLAYER broke out of an ascending triangle pattern in March after flipping the horizontal resistance around $1.27. Once the breakout was confirmed, price surged by over 162%, reaching a high of around $3.35.
SOLAYER and WAL Fractal Chart/Coinsprobe (Source: Tradingview) On the right panel, Walrus (WAL) is forming a nearly identical ascending triangle pattern. The price is currently testing the upper resistance near $0.67, while steadily printing higher lows — just as SOLAYER did before its breakout. This fractal setup — a repeating pattern across different charts — has caught the eye of traders looking to catch early momentum. If WAL follows the same trajectory, we could see a strong upside breakout. What’s Next for WAL? If Walrus (WAL) manages to break out above the blue resistance zone around $0.70, similar to how SOLAYER did, a sharp rally could follow. Based on the fractal projection, WAL may head toward the $1.80–$1.90 range, which would mark a potential gain of over 160%, echoing SOLAYER’s explosive move. With broader market sentiment leaning bullish and technical indicators aligning, WAL is one altcoin that could surprise traders in the coming weeks — provided it clears the key resistance ahead. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.