📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
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The Crypto Assets market has recently shown a strong pump momentum, with long positions being fully released. On the technical side, the MACD indicator has formed a golden cross pattern, and the red bars have significantly expanded, which is usually seen as a strong rise signal.
The price of Bitcoin is currently challenging the two important moving averages, MA144 and MA169. Once it breaks through, it could trigger a larger pump. Market observers generally believe that if Bitcoin can stabilize in the range of $117,500 to $118,000, it is very likely to further attack the high of $119,000 to $120,000.
However, investors still need to be cautious and closely monitor market trends. Although the current trend looks promising, the Crypto Assets market has always been highly volatile, and situations can change at any time. It is recommended that investors carefully assess risks and develop appropriate risk management strategies before making any investment decisions.
Overall, the current market sentiment is leaning towards optimism, and long positions seem to have taken control of the situation. However, whether this pump can be sustained still requires further observation of the market's reaction and changes in the global macroeconomic environment.