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๐ https://www.gate.com/announcements/articl - ๐ Gate Square ยท Creator Incentive Program Day 10 Topicโ #Fed Cuts Rates By 25 Bps# !
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๐ฅ Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%โ4.25%, 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 - ๐ Gate Square Newbie Village ยท Episode 1 โ๏ธ @Ryakpanda Community
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๐ฅ Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the worldโs third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Recently, the DOGE market has shown intense fluctuations, attracting widespread attention from investors. The DOGE price quickly fell back to $0.26 after breaking through $0.3 in a short period, demonstrating the fierce competition between bulls and bears.
From a technical analysis perspective, multiple indicators are releasing bullish signals. The breakout of the descending wedge, the bullish divergence of the RSI and MACD, and the formation of the CHoCH structure all provide support for the bulls.
Currently, the support level at $0.25 is particularly important. If DOGE can hold at this position, it could serve as a springboard for a renewed challenge at the $0.30 mark, and may even push the price towards higher targets. However, if it breaks below this key support, the price may retreat to around $0.20 in search of new support.
Although there are potential investment opportunities in the current market, investors should remain cautious. Blindly chasing prices up and down may lead to losses in extreme volatility. Rational observation and patiently waiting for the best entry point is the wise choice.
It is worth noting that the cryptocurrency market has always been highly volatile, and investors should fully recognize the risks involved and make decisions based on their own risk tolerance. At the same time, continuously following market dynamics, policy changes, and global economic conditions is key to seizing investment opportunities.