📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Recently, the Crypto Assets market has shown some signals worth following, suggesting that the weekly bull run may have ended. First, from a technical perspective, the RSI and MACD indicators have shown standard divergence, which is an important signal that is difficult to manipulate. At the same time, the angle of the moving averages and the deviation rate have reached historical highs, which usually means that the market needs to undergo a significant adjustment.
There are also signs in the market sentiment that are worth noting. Despite recent positive news such as stablecoin legislation and the Genius Act, Bitcoin has failed to respond positively, which may indicate that large funds are taking the opportunity to sell. In addition, there is a widespread optimistic sentiment in the market, with institutions and retail investors alike having great expectations for an upward trend. This one-sided bullish sentiment is often one of the signals for a market reversal.
It is worth noting that when someone raises the view that the bull run may be ending, they often face strong criticism. This emotional reaction precisely reflects the market participants' obsession and irrationality regarding the current situation, further supporting the judgment that the market may be at a high point.
Overall, based on the combined technical indicators and market sentiment, we have reason to remain cautious and seriously consider the possibility that the weekly level bull run may have ended. However, the Crypto Assets market is ever-changing, and investors still need to closely follow market trends and make rational judgments.