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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
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Details: https://www.gate.com/announcements/article/47889Gate 2025 Year-End Gala Square TOP50 List Announced!
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Details: https://www.gate.com/announcements/article/48693
Highlights
1. Technical Momentum: The token is showing a continuously strengthening bullish trend, with the MACD line crossing above the signal line, and the 7-period EMA also crossing above the 25-period EMA, indicating that the short-term upward trend will continue.
Risks
1. Overbought Condition: Currently, the 6-period RSI is at 77.48 in the overbought zone, which often signals that the price is about to enter a consolidation or correction phase.
2. Bearish Price Outlook: The community and some analysts generally expect the price to decline further, concerned about market sustainability and potential concentrated trading behaviors.
3. Capital Outflows: Although recent prices have rebounded, in the past 24 hours, the token has mainly experienced net outflows in spot trading, indicating ongoing selling pressure from some market participants.
Community Sentiment
Divergent Views: Community discussions reflect very different opinions, with some members expressing strong bullish confidence and high-price expectations, while others remain skeptical, anticipating further price declines.