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The price of Dogecoin is demonstrating powerful upward momentum, which brought it to the $0.172 level after increasing 5.7%. DOGE has pushed through its essential support level and now shows potential for additional price appreciation. Crypto analysts anticipate the price will reach $3 if support levels maintain their current position, which would represent a major recovery for the meme coin. The analyst Ali Martinez found that Dogecoin continues to stay inside an essential price range. A steady price increase for DOGE will become possible if support levels stay stable. The stock RSI triggered two major price uptrends for Dogecoin according to Martinez because of its bullish crossovers which respectively resulted in 88% gains during October 2023 and another 187% increase in February 2024. Another robust price movement seems possible because the stock RSI indicates it will generate a bullish crossover point. Dogecoin network continues to expand rapidly throughout its operation period. During the last month new DOGE addresses increased by 100% from 16,400 to 34,600. The growing market adoption strengthens Dogecoin’s ecosystem and enhances its potential to grow in the long term. The open interest for DOGE futures markets has risen by 4.5% to $1.40 billion while the 24-hour total liquidations exceeded $7.24 million. The growing number of market participants demonstrates that investors strongly believe Dogecoin has strong upward potential. Tardigrade identified a past pattern which indicates Dogecoin could break out according to analyses. The price initially drops down before consolidating its position while RSI readings stay in a region of extreme price weakness. Bullish market sentiment will strengthen as Dogecoin might experience another major uptrend event based on existing patterns. The investment management firm Bitwise continues its evaluation of launching an ETF that would include Dogecoin as an index component. An approved Dogecoin ETF would establish an opportunity for large institutional capital, amounting to new investments which would hasten its market rise. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

In the trade standoff between the United States and the European Union, a new episode has reignited tensions. Indeed, Donald Trump, true to his protectionist approach, is once again wielding the threat of massive tariffs, this time on European wines and champagnes. The announcement of a 200 % tax on these products follows Brussels’s decision to raise tariffs on American whisky to 50 %. The American president threatened, on Thursday, March 13, to impose a 200 % tariff on European wines, champagnes, and spirits. This announcement follows the European Union’s decision to increase taxes on American whisky by 50 %. “If these tariffs are not removed immediately, the United States will quickly impose tariffs of 200 % on all wines, champagnes, and alcoholic products coming from France and other EU countries,” declared Donald Trump on Truth Social. He accuses the EU of being “one of the most abusive and hostile authorities in the world regarding taxes and tariffs.” This new episode fits into a cycle of trade tensions initiated during his first term, marked by an aggressive taxation policy. The EU had already retaliated against American tariffs on steel and aluminum (25 %) with sanctions on several American products, including bourbon and motorcycles. Thus, the White House intends to retaliate with the same punitive logic. The impact of this decision would be devastating for the European wine industry. Furthermore, the United States represents the largest export market for French wines and spirits, with a turnover of 3.8 billion euros in 2024, according to the Federation of Wine and Spirit Exporters of France (FEVS). A 200 % tax could lead to a collapse in sales and a major loss of competitiveness against local producers and South American wines. Professionals in the sector denounce an instrumentalization of trade. “We are tired of being systematically sacrificed for issues unrelated to ours,” laments Nicolas Ozanam, General Director of FEVS. The European lobby Spirits Europe also calls for “stop using” the sector “as a bargaining chip in conflicts that have nothing to do with it.” While the President of the European Commission, Ursula von der Leyen, states that the EU is “open to negotiation,” the political response is being organized. François Bayrou, the French Prime Minister, immediately reacted: “We cannot let ourselves be overwhelmed by threats of this kind.” His Minister for Foreign Trade, Laurent Saint-Martin, insists: “We will not yield to threats and will always protect our sectors.” His electoral base, particularly in whisky-producing states like Kentucky, applauds these protectionist measures. The European taxation on bourbon has been perceived as an attack on an emblematic industry of the United States. Trump aims to demonstrate his firmness against the EU while reinforcing his image as a defender of the American economy. Previous customs conflicts have shown that these measures can quickly extend to other sectors. In 2018, the Trump administration had already imposed tariffs on French wine in the context of the Airbus-Boeing conflict. Today, the fear of a domino effect is being felt. A commercial escalation could impact other luxury industries, agricultural exports, or even the technology sector. The outcome of this standoff remains uncertain. A diplomatic compromise is still possible, particularly through a renegotiation of tariffs. However, the electoral dynamics in the United States could prompt Trump to maintain a hardline stance against Brussels. If no agreement is reached, the specter of a prolonged trade war could weigh on the global economy, financial markets, and even investors’ confidence in international trade. One thing is for sure: the wine battle is just beginning.

Binance Coin (BNB) emerged as one of the best-performing coins in the last 24 hours, surging by 3.8% to trade at $580. Regardless, the price is far below its all-time high price of $793, recorded on December 4, 2024. Researching the reasons behind the rally, we found that BNB is reacting to the latest report that Abu Dhabi-based AI and advanced technology investor MGX has invested a staggering $2 billion in Binance. According to reports , this is Binance’s first institutional investment. Beyond this milestone, the move marks a significant step towards increasing digital asset adoption. Meanwhile, Binance CEO Richard Teng believes that this investment is a huge step towards building a more sustainable ecosystem, as outlined in our recent blog post. This investment by MGX is a significant milestone for the crypto industry and for Binance. Together, we are shaping the future of digital finance. Our goal is to build a more inclusive and sustainable ecosystem, with a strong focus on compliance, security, and user protection. Binance remains committed to working with regulators worldwide to establish transparent, responsible, and forward-thinking policies for the crypto industry. Our ongoing investments in security and compliance reinforce our mission to foster a secure and trusted digital financial ecosystem. Following this announcement, the demand for BNB recorded a significant surge, with the 24-hour trading volume surging to $1.84B. Within the period, Open Interest has also increased by almost 6% to $734.93 million, while the Options Open Interest surged by 19.79% to $11.96 million. According to our analysts, this metric implies that there has been an increased participation from institutional and retail investors. Also, the increase in long positions signifies a growing confidence in the token. Last month, analyst Ali Martinez predicted that BNB could record a short-term rally to hit $800. According to that analysis, the major Simple Moving Averages (SMA)—the 50, 100, and 200 SMA exist as the crucial psychological levels. Also, Martinez pointed out that the 0.382 Fibonacci retracement level is a notable resistance zone that needs to be breached. In a different report, an analyst identified as Mando CT has predicted that the asset could hit $1,500, aligning with our recent analysis. His prediction came after he observed a bullish flag and a cup and handle pattern forming on its price chart. Agreeing with this position, an analyst known as Ash Crypto also predicted that BNB could hit between $900 and $1.400 this year. Amidst the backdrop of this, the BNB Chain is set to launch its much anticipated Pascal hard fork on March 20 to improve the Ethereum Virtual Machine (EVM), enable gasless transactions, and enhance user experience. As featured in our recent coverage, this upgrade is expected to boost the operational speed and performance of the network.

The meme coin PEPE has been on a sharp decline, leaving many investors questioning whether it has hit rock bottom or if more downside is ahead. Trading around $0.00000714, PEPE has attempted a slight rebound with an 8.31% gain today, but is this a real reversal or just another fakeout? Let’s analyze the chart and technical indicators to find out. PEPE’s daily chart shows a consistent downtrend since its peak late last year. The Heikin Ashi candles illustrate a strong bearish dominance, with multiple consecutive red candles. However, today's slight green candle suggests that some buyers may be stepping in, attempting to reverse the trend. The support level around $0.00000635 seems to be holding, preventing further downside. If this level continues to act as a base, we could see PEPE attempt a bounce toward $0.00000850 or even $0.00001000 in the short term. On the other hand, if the support breaks, PEPE could fall toward $0.00000500, leading to another wave of panic selling. The Relative Strength Index (RSI) is currently at 39.68, moving up from an oversold level of 27.23 a few days ago. This suggests that PEPE was extremely oversold, triggering today's relief rally. Historically, when RSI climbs back above 40 after being oversold, it often signals the beginning of a short-term bullish move. However, for a full-fledged trend reversal, RSI needs to break above 50, which would indicate renewed buying momentum. If PEPE fails to cross this level, the bounce may lose steam, and the downtrend could resume. The MACD (Moving Average Convergence Divergence) shows a bearish crossover, with the MACD line slightly below the signal line. However, the histogram bars are shrinking, indicating that selling momentum is weakening. If the MACD crosses above the signal line, it would confirm a bullish trend reversal, potentially pushing PEPE toward the next resistance at $0.00001000. But caution is still warranted—if the MACD remains in negative territory, the recovery may be short-lived, and sellers could regain control. For a bullish confirmation, PEPE must break and sustain above $0.00000750, which could open doors for a run toward $0.00001000. If buying pressure increases, we may even see a test of $0.00001200 in the coming weeks. Conversely, if PEPE fails to hold $0.00000635, it could fall toward $0.00000500, triggering another sell-off phase. Investors should monitor volume closely, as a breakout without strong volume could lead to another fake rally. PEPE’s recent bounce may provide short-term relief, but whether it turns into a full-fledged trend reversal remains uncertain. The RSI recovery suggests buyers are stepping in, while the MACD shows signs of a potential shift. However, until PEPE breaks key resistance levels with strong volume, traders should remain cautious. For now, $0.00000750 remains the key breakout level, while $0.00000635 is the critical support. If PEPE fails to hold these levels, the downtrend could continue—but if bulls take control, a strong reversal could be there.