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- 🎯 To further enhance the user experience on Gate Square, we sincerely invite you to take part in our first User Experience Survey 👉 https://www.gate.com/questionnaire/7086
✅ Reward: Complete the survey for a chance to win—10 lucky participants will receive a Gate X Red Bull Bottle
🙏 Thank You: Every piece of feedback helps us improve Gate Square. Your support and participation mean a lot!
📅 Survey Period: Sep 19 – Oct 9 - 💥 Gate Square Event: #PostToWinPORTALS# 💥
Post original content on Gate Square related to PORTALS, the Alpha Trading Competition, the Airdrop Campaign, or Launchpool, and get a chance to share 1,300 PORTALS rewards!
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Alpha Trading Competition: Join for a chance to win rewards
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👉 https://www.gate.com/announcements/articl - 🌕 Gate Square · Creator Incentive Program Day 10 Topic– #Fed Cuts Rates By 25 Bps# !
Share trending topic posts, and split $5,000 in prizes! 🎁
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🔥 Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%–4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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If merchandise cannot be shipped, it will be replaced with a $30 Futures Voucher
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ATOM price prediction: Altcoin is trading in a bullish pattern!
The price of Cosmos (ATOM) has been trading within a descending parallel channel since September 2022. This is a bullish pattern that leads to a breakout in most cases. This means that the bulls have an advantage when the price is trading within this pattern. Indeed, after being rejected by the channel's resistance in the last week of 2023 (red arrow), the altcoin price bounced off the channel's midline last week (green arrow). This indicates that sentiment has shifted from selling on rallies to buying on dips. It is also a sign that a breakout is about to take place.
Meanwhile, the weekly RSI indicator bounced up from the 50 level at the same time as the price bounced up from the midline of the channel. Thus, it supported the possibility of a breakout for the altcoin. If a breakout occurs, it is possible for ATOM price to rise to the next important resistance level at $17. This target corresponds to an increase of 67.29% from the current price.
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