Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#数字货币市场回升 The recent trend has started to become interesting.
First, let's talk about the data aspect. In the past day, 15.97 million tokens have been destroyed. This action will directly affect the market circulation. A quick look at historical records shows that whenever there is a significant jump in the destruction data, prices usually tend to fluctuate accordingly.
On-chain activities also reveal some clues: the buying pressure in the spot market clearly outweighs the selling pressure. While other meme projects are still digesting panic emotions, SHIB, on the other hand, has funds accumulating positions at low levels. This shift in the balance of power between buyers and sellers often indicates that the market may be entering a turning point.
On the technical chart, the price has converged into a typical descending wedge structure. Once this pattern is effectively broken, the potential for a breakout will be considerable. Coupled with the RSI indicator starting to rise from the oversold area, the energy for a rebound is quietly accumulating.
The signals from three dimensions simultaneously indicate that buyers are accumulating, but everyone is aware of the volatility of meme coins. Opportunities are prepared for those who do their homework—if you are paying attention to the rhythm of SHIB, these signals are worth adding to your watchlist.