📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
The digital money market saw new changes over the weekend, with signs of a rebound at high levels. Although there was a brief rebound during the late-night hours, the overall market performance is weak, indicating potential fall risks.
From a technical analysis perspective, multiple indicators are showing bearish signals: first, there is a clear divergence between volume and price; second, the Relative Strength Index (RSI) has entered the overbought zone; furthermore, the Moving Average Convergence Divergence (MACD) is forming a top divergence. In addition, the current price is facing dual resistance from the weekly and monthly lines, which makes it more difficult to continue rising in the short term.
It is worth noting that the market has also seen a candlestick pattern known as "Dark Cloud Cover," which is often interpreted as a technical signal that a fall may occur in the future.
For the market leader Bitcoin, its price is facing resistance around the range of $119,500 to $120,000. If it cannot break through, it may fall back to the support levels of $118,200 or even $116,000.
Investors should closely monitor the changes in these technical indicators and adjust their investment strategies in a timely manner based on market trends. However, it is also important to remember that technical analysis is just one tool for predicting the market, and actual trends need to be considered in conjunction with fundamental factors.