- Topic1/3
21k Popularity
28k Popularity
23k Popularity
53k Popularity
21k Popularity
- Pin
- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
Three major campaigns are launching simultaneously: Launchpool subscription, CandyDrop airdrop, and Alpha exclusive trading — don’t miss out!
🎨 Campaign 1: Post on Gate Square and win content rewards
📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
📌 How to participate:
Post original content (at least 100 words) on Gate Square related to
- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
- 🎉 Gate Square’s "Spark Program" Surpasses 1,000 KOLs!
💥 The creator ecosystem is in full bloom!
📈 Get featured, earn rewards, and grow your influence—what are you waiting for?
💰 Cash incentives ✔️
🚀 Traffic support ✔️
👑 Exclusive verification ✔️
From 0 to 1,000 in just weeks—Gate Square is becoming the epicenter of Web3 content! ⚡
You’re not just posting content, but the next "viral opportunity"!
🌟 Join the Spark Program and kickstart your breakthrough!
👉 https://www.gate.com/announcements/article/45695
#July Market Forecast#
Bitcoin is sweeping liquidity around the support level of $117,116 and igniting a new rally targeting $120,000.
Ethereum is retesting support at $3500 and is recovering slightly, but bearish concerns remain amid a decline in technical strength.
XRP is facing continuous selling supported by a decline in the Relative Strength Index and a potential sell signal from the MACD indicator.
Cryptocurrencies are facing relatively strong fluctuations on Thursday, especially altcoins, led by Ethereum (ETH) and Ripple (XRP). The largest smart contract token is stabilizing at around $3,630, recording a 6% decline from its recent peak of $3,858. XRP continued its drop to a daily low of $2.95 before rising slightly to trade at $3.10 at the time of writing this report.
As for Bitcoin (BTC), it has started to recover from the support at $117,116 on Wednesday, with short-term technical forecasts beginning to lean upwards, thus revising the supply for a breakout above $120,000.
- Today's Plan: Can Bitcoin Break Out After Consolidation?
Bitcoin's price remains above the short-term support level at $118,000, after bouncing back from $117,116. The Relative Strength Index (RSI), which is currently moving relatively sideways around 52, indicates neutral momentum in the market, suggesting a potential period of consolidation before the next attempt to recover above $120,000.
It is worth noting that the major moving averages have settled at a level significantly lower than the price of Bitcoin on the eight-hour chart, confirming a medium-term upward trend. In the event of a reversal, the (EMA) for the 50-period at $116,462, the 100-period exponential moving average at $113,382, and the 200-period exponential moving average at $109,013 may serve as temporary support levels.
However, traders should pay attention to the short-term sell signal supported by the Moving Average Convergence Divergence (MACD) since July 15. If the signal continues with the blue MACD line remaining below the red signal line while the indicator generally trends downward, the price of Bitcoin may decline further as investors reduce their exposure.