🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
Time to prove if you’re a true Gate veteran!
💰 Join the challenge — 5 lucky winners will share $50 in GT!
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🗓️ Deadline: October 8, 2025, 24:00 (UTC+8)
The crypto assets market performed flat this afternoon. Major tokens oscillated around 112800 before briefly reaching a high of 132000, but then began to retreat. It is noteworthy that the gap formed earlier has not yet been filled, and there is significant resistance above, with multiple attempts to break through failing effectively.
From a short-term perspective, bullish momentum is weakening. Trading volume shows a decreasing trend, the MACD histogram remains negative and is expanding, and the KDJ indicator has also formed a death cross. These signals suggest that investors need to be cautious of potential further downward risks.
Another token of interest is oscillating narrowly around 4190, with a standoff between bulls and bears. The three lines of the Bollinger Bands show a parallel trend, with the upper line exerting short-term pressure on this coin. Although the short-term downward momentum has weakened, the upward breakthrough still faces strong resistance. Investors need to closely monitor whether it can effectively break through the key resistance level of 4250.
Overall, the current market is still in an uncertain state. Although some tokens show signs of stabilization, the overall momentum is insufficient. Investors should maintain a cautious attitude, closely monitor market changes, and manage risks appropriately. In terms of operational strategy, it may be advisable to focus on shorting at high positions, but at the same time, be aware of potential reversal opportunities.