In the dynamic world of global finance, events in traditional markets and international relations often send ripples across the entire economic landscape, including the burgeoning digital asset space. While cryptocurrency markets operate on decentralized principles, they are not immune to the effects of macroeconomic shifts and significant government policies. A recent announcement regarding a major US UK Trade Deal serves as a prime example of how decisions at the national level can influence the broader environment in which all assets, digital or otherwise, exist. Understanding the Announced US UK Trade Deal Former U.S. President Donald Trump recently announced what he described as the first ‘fair and reciprocal’ trade agreement between the United States and the United Kingdom. This declaration, reported by sources like Walter Bloomberg on X, marked a significant moment in post-Brexit UK US Relations , aiming to redefine the economic partnership between the two long-standing allies. The specifics of the deal, particularly concerning tariffs and trade flows, offer a glimpse into the intricate negotiations that shape international commerce. Key points highlighted in the initial announcement include: The U.S. maintaining a 10% tariff on certain British goods. Projections for substantial revenue generation for the U.S. government from these tariffs. Anticipated creation of new export opportunities for American industries. Specific tariff reductions on British automobiles entering the U.S. market. A significant planned purchase of U.S. aircraft by the UK. These details paint a picture of a negotiated outcome designed to benefit specific sectors and generate revenue, reflecting the strategic considerations often at play in high-level trade discussions. The Nuances of Trump Tariffs and Expected Revenue A central element of the announced agreement is the continuation of a 10% tariff on certain British goods. Tariffs, essentially taxes on imported goods, are a classic tool of Economic Policy used by governments for various reasons, including protecting domestic industries, generating revenue, or as leverage in trade negotiations. According to the announcement, this specific 10% tariff is expected to generate approximately $6 billion in revenue for the U.S. government. The decision to maintain this tariff level, rather than eliminating it entirely, indicates a strategic approach focused on securing financial benefits while simultaneously pursuing broader trade liberalization in other areas. The concept of ‘fair and reciprocal’ trade often involves balancing access to markets with measures designed to ensure perceived equitable benefits for both sides. Understanding the role and impact of Trump Tariffs , both during his presidency and as they persist in subsequent agreements, is crucial for grasping the administration’s trade philosophy and its potential effects on international markets. Boosting Exports and Shifting Global Trade Dynamics Beyond revenue generation, the agreement is also projected to create significant export opportunities for American businesses. The announcement specified an expectation of $5 billion in new export opportunities for American farmers and producers. This highlights a key objective of many trade deals: opening foreign markets to domestic goods and services, thereby stimulating economic growth and supporting specific industries. Furthermore, the deal includes specific provisions impacting key sectors: Automobiles: Commerce Secretary Howard Lutnick noted that tariffs on British automobiles imported into the U.S. would see a significant reduction, dropping from 25% to 10%. This change could potentially make British cars more competitive in the U.S. market and represents a tangible benefit for that industry. Aerospace: A major component of the agreement involves the UK’s commitment to purchase $10 billion worth of Boeing aircraft. This large-scale purchase provides a substantial boost to the American aerospace sector and underscores the strategic economic ties between the two nations. These specific examples illustrate how trade agreements can directly impact industries and reshape patterns of Global Trade . Such shifts can influence everything from supply chains to currency valuations, factors that investors across all asset classes, including those focused on digital currencies, often monitor for their potential indirect effects on market sentiment and capital flows. Analyzing Economic Policy and Its Wider Impact This US UK Trade Deal is a prime example of how governments utilize Economic Policy to achieve national objectives. Trade agreements are complex instruments designed to balance competing interests, promote specific industries, and foster international relationships. The decisions made within these policies – such as setting tariff levels, defining market access, and facilitating large-scale purchases – have far-reaching consequences that extend beyond the directly impacted goods and services. For individuals involved in the cryptocurrency space, understanding these traditional economic maneuvers is important. While crypto markets are decentralized and often react to different catalysts than traditional stocks or bonds, they do not exist in a vacuum. Major shifts in Global Trade , changes in tariff structures, or significant bilateral agreements can influence the overall health and stability of national economies, impact inflation rates, affect investor confidence, and alter capital movements. These macroeconomic factors can, in turn, indirectly influence the demand for and sentiment surrounding digital assets. Paying attention to these developments provides a more holistic view of the financial ecosystem. Examining UK US Relations Through a Trade Lens This agreement also holds significant weight in the context of ongoing UK US Relations , particularly in the wake of the UK’s departure from the European Union. Forging independent trade deals is a critical aspect of the UK’s new global economic strategy. A comprehensive agreement with the United States, a major trading partner, is a key objective. While this announcement details specific aspects rather than a full free trade agreement, it signifies progress in solidifying the economic ties between the two nations outside the EU framework. The negotiation and announcement of such a deal reflect the strategic importance both countries place on their bilateral relationship. The terms agreed upon can set precedents for future trade discussions and influence the UK’s position in the global economy. For investors, observing the trajectory of UK US Relations through the lens of trade provides insight into the stability and potential growth areas within these major economies. Key Takeaways from the Announcement: A new ‘fair and reciprocal’ trade agreement announced between the U.S. and UK. U.S. maintains a 10% tariff on certain UK goods, projected to yield $6 billion in revenue. Expected creation of $5 billion in new U.S. export opportunities (farmers, producers). U.S. auto tariffs on British cars reduced from 25% to 10%. UK plans a significant $10 billion purchase of Boeing aircraft. Implications for Investors (Including Crypto Holders): Macroeconomic events like trade deals influence overall market sentiment. Changes in tariffs and trade flows can impact industries and potentially currency valuations. Monitoring traditional Economic Policy provides context for the broader financial environment. Diversification and understanding market interconnectedness remain crucial. Challenges and Future Outlook: While framed positively, the continuation of tariffs means this is not a move towards complete free trade. Future negotiations will likely address remaining barriers. The success of the deal will depend on its implementation and the actualization of the projected benefits for both nations. It represents a step in redefining post-Brexit UK US Relations economically. In conclusion, the announced US UK Trade Deal , with its specifics on Trump Tariffs , export opportunities, and strategic purchases, is a significant development in traditional international commerce. While seemingly distant from the world of digital assets, it underscores the constant shifts occurring within the global economy driven by Economic Policy and Global Trade dynamics. For any investor navigating the complex financial landscape, including those primarily focused on cryptocurrency, keeping informed about such major agreements in UK US Relations and beyond is vital for understanding the broader forces that shape market conditions and investor behavior. To learn more about the latest economic policy trends and how they interact with the global financial system, explore our articles on key developments shaping Bitcoin and the broader crypto market.
In a pivotal development in the crypto landscape, Ripple Labs has announced a settlement with the U.S. Securities and Exchange Commission (SEC) aimed at resolving the protracted legal battle regarding
Bitcoin mining firms, MARA and CleanSpark, have reported notable revenue growth in Q1 2023, illustrating resilience in the crypto sector. According to recent disclosures, MARA achieved a revenue increase of
For anyone invested in the cryptocurrency space, the principles of data control, privacy, and sovereignty are fundamental. These concepts are becoming increasingly critical in the world of Artificial Intelligence as well. Recognizing the growing need for organizations to manage where their data resides, especially in diverse regulatory environments, OpenAI has announced a significant expansion of its data residency efforts, bringing the OpenAI data residency program to Asia. OpenAI Data Residency Program Arrives in Asia Following the successful rollout of a similar initiative in Europe earlier this year, OpenAI is now offering data residency options specifically for customers in Asia. This new program is designed to help organizations operating within the region meet their local data sovereignty requirements while leveraging OpenAI’s powerful AI models and services. The program is available to users of ChatGPT Enterprise, ChatGPT Edu, and customers utilizing the OpenAI API. Eligible API customers, as well as new ChatGPT Enterprise and Edu subscribers, now have the ability to choose to have their data stored at rest within specific supported countries in Asia. The initial list of countries includes key economic and technological hubs in the region: Japan India Singapore South Korea This provides organizations in or dealing with these countries a crucial option for managing their data locations, a capability that is becoming increasingly important for legal and compliance reasons. Why is Data Sovereignty Crucial for the Asia AI Market? The concept of data sovereignty refers to the idea that data is subject to the laws and governance structures of the nation in which it is collected or processed. In the context of the rapidly expanding Asia AI market , this is particularly relevant. Asia is home to a wide range of countries, each with its own unique set of data protection laws, privacy regulations, and governmental requirements regarding data storage and access. For businesses and educational institutions operating across multiple Asian jurisdictions, navigating this complex landscape can be challenging. Storing data in the country where it originates or is primarily used helps organizations align with local regulations, which can mandate that certain types of sensitive data (such as personal information, financial records, or government data) must remain within national borders. Non-compliance can lead to significant legal penalties, reputational damage, and loss of trust from customers and stakeholders. OpenAI’s move directly addresses this challenge, providing a technical solution that supports organizations’ efforts to respect national data laws and maintain control over where their data is physically located when using OpenAI services. Enhancing AI Compliance and Trust in Asia The introduction of data residency options is a significant step towards enhancing AI compliance for organizations in Asia. Compliance is not just about avoiding penalties; it’s also about building trust with users, partners, and regulatory bodies. By offering the ability to store data locally, OpenAI is helping its customers meet a variety of compliance needs: Meeting Local Regulations: Directly supports adherence to specific national data protection laws and residency mandates in Japan, India, Singapore, and South Korea. Industry-Specific Requirements: Helps organizations in regulated sectors like finance, healthcare, and government meet stringent data handling requirements that often include local storage mandates. Building Customer Trust: Demonstrates a commitment to protecting user data by keeping it within a familiar legal jurisdiction, which can be a key factor for customers when choosing AI service providers. Facilitating Government Adoption: Makes it easier for government agencies and public sector organizations, which often have the strictest data sovereignty rules, to consider using OpenAI’s enterprise-grade products. OpenAI emphasized this point, stating in a blog post, “For the API platform and ChatGPT business products, data remains confidential, secure, and entirely owned by you. Data residency further enhances data control for organizations.” This reinforces the message of user ownership and control over their data, a principle that resonates strongly with data-conscious users. What Does This Mean for ChatGPT Enterprise Asia Users? For businesses and educational institutions that rely on ChatGPT Enterprise Asia or ChatGPT Edu, or who integrate OpenAI models via the API, this program offers tangible benefits. Beyond the critical aspect of regulatory compliance, having data stored closer to the point of use can potentially offer performance advantages, such as reduced latency, although the primary benefit highlighted is data control and security. Enterprise clients often handle sensitive proprietary information, customer data, or research materials. Knowing that this data, when used with OpenAI services, can be confined to a specific geographic region provides an added layer of security assurance and simplifies their internal data governance policies. This is particularly appealing to large corporations, research institutions, and universities operating in the supported Asian countries. Data Residency: A Key Step Towards Global AI Expansion The debut of the Asia data residency program is not an isolated event but part of OpenAI’s broader strategy for accelerated global expansion. This move follows closely on the heels of the company announcing “OpenAI for Countries,” an initiative aimed at building out the necessary infrastructure and localized approaches to better serve international clientele. By establishing data residency options in key regions like Europe and now Asia, OpenAI is demonstrating its commitment to becoming a truly global AI provider capable of meeting diverse local needs and regulatory landscapes. This positions them competitively in international markets where data control is a major consideration for potential enterprise and government clients. As the AI arms race continues globally, providing robust data management options like residency will be crucial for winning over large, security-conscious customers in the thriving Asia AI market . Navigating the Complexities While offering data residency in these four countries is a significant step, the regulatory environment across Asia remains incredibly diverse. Organizations operating in other Asian countries or dealing with data from multiple jurisdictions will still need to carefully consider their overall data architecture and compliance strategy. However, for those focused on Japan, India, Singapore, and South Korea, this program provides a direct and valuable tool for enhancing their data governance and AI compliance efforts. A Positive Development for Data Control In conclusion, OpenAI’s launch of a data residency program in Asia is a positive and necessary development for organizations seeking greater control over their data while utilizing advanced AI. By enabling data to be stored at rest in Japan, India, Singapore, and South Korea, OpenAI is directly addressing the critical need for data sovereignty and facilitating AI compliance in these key markets. This move benefits users of ChatGPT Enterprise Asia , ChatGPT Edu, and the OpenAI API, fostering trust and enabling wider adoption of AI within the region’s complex regulatory environment. It underscores OpenAI’s commitment to global expansion and catering to the specific needs of the dynamic Asia AI market . To learn more about the latest AI market trends, explore our article on key developments shaping AI features.
MAGACOINFINANCE is accelerating past all early expectations. With $8 million already raised , investors are now asking the critical question: how far can this presale go before listings take it mainstream? While Trump Coin ($TRUMP) continues to dominate media cycles, analysts are increasingly pointing to a different politically charged token — one that’s still under the radar but showing signs of massive potential. That token is MAGACOINFINANCE , and it’s built for exponential growth with a narrative-first approach and smart presale design. CLICK HERE – SECURE YOUR SPOT BEFORE 25x DISAPPEARS Trump Coin’s Wild Ride — But Is It Topping Out? Associated with former President Donald Trump, Trump Coin reached a peak of $16.42 in April before pulling back into a consolidation zone between $11.79 and $11.20 . While some analysts remain cautiously bullish, others suggest the explosive gains may be behind it. The token is currently testing major support near $10.69 , and failure to hold that zone could trigger a deeper correction. Despite its national media visibility, many traders believe the majority of Trump Coin’s parabolic upside has already been priced in — leaving limited room for fresh investors chasing large returns. Why This New Token Still Holds Massive Upside Potential In contrast, MAGACOINFINANCE is still priced under $0.001 , offering enormous upside as it moves through the advanced stages of its presale. With Stage 7 now live and a projected listing target of $0.007 , the base ROI sits at 25x potential , and that’s before bonuses are applied. Early buyers using promo code MAGA50X receive 50% extra tokens , effectively compounding potential returns even further. But this isn’t just a bonus play, it’s a strategically designed launch framework. Key features include: Narrative-aligned virality with political meme energy Referral-powered expansion via reward-based promotion Presale-only access , ensuring controlled token distribution Stage-by-stage scaling , creating urgency and buyer momentum Tokens launched under similar mechanics — like DOGE and SHIBA in past cycles — have delivered up to 18,500% gains , according to analysts tracking early-stage altcoin ROI patterns. LISTINGS COULD DROP ANY MOMENT –ACT NOW Final Verdict: Trump Coin May Lead Headlines — But This New Crypto Could Lead 2025’s Gains While Trump Coin captured the first wave of political meme energy, MAGACOINFINANCE appears poised to dominate the second. With a carefully controlled presale, untapped CEX listing momentum, and growing analyst coverage, it’s one of the most strategically positioned cryptocurrencies of 2025 . To Learn More About MAGACOINFINANCE, Visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance The post Why Analysts Believe This New Crypto Could Outpace Trump Coin by 25x in 2025 — Full Forecast Inside appeared first on TheCoinrise.com .
Hey there, crypto enthusiasts! While our focus is often on the digital asset space, understanding the broader financial markets is absolutely key. Today brings some significant news from across the pond, as the US stock market has kicked off the trading day on a decidedly positive note. What’s Driving This US Stock Market Rally? The opening bells on Wall Street today were met with enthusiasm, leading to a notable market rally across the major indices. Here’s a quick look at how the key players are performing early on: S&P500: Up +0.57% NASDAQ: Up a strong +1% Dow: Up +0.5% This broad-based upward movement suggests positive investor sentiment prevailing in the early hours of trading. Several factors could be contributing to this optimism. Market participants are often reacting to recent economic data releases, corporate earnings reports, or anticipating future moves from central banks like the Federal Reserve. Positive news on any of these fronts can fuel buying activity. Why Does Positive Investor Sentiment in the US Stock Market Matter to Crypto? You might be asking, “Why should I care about the Nasdaq S&P Dow when I’m focused on Bitcoin and Ethereum?” That’s a great question! The truth is, the world of finance is interconnected. What happens in traditional financial markets , particularly in the dominant US market, can often have ripple effects on other asset classes, including cryptocurrencies. Here’s how it works: Risk Appetite: When traditional markets like stocks are performing well, it often signals increased risk appetite among investors. They are more willing to put money into assets perceived as having higher growth potential, which can include tech stocks (heavily represented in the Nasdaq) and, yes, sometimes even cryptocurrencies. Capital Flows: Strong performance in one market can free up capital or encourage investors to rebalance portfolios, potentially leading to flows into other assets. Macroeconomic Signals: The factors driving the stock market rally (like inflation data, employment numbers, or interest rate expectations) are often the same macroeconomic forces that influence the crypto market. Understanding the stock market’s reaction can provide clues about the broader economic environment. Correlation (Sometimes): While not always perfectly correlated, there have been periods where Bitcoin and other cryptocurrencies have shown a correlation with tech stocks, especially those in the Nasdaq. A strong day for tech can sometimes translate into a strong day for crypto, and vice versa. What Are the Potential Benefits and Challenges of This Market Movement? Benefits: Positive Spillover: A sustained US stock market rally fueled by strong economic fundamentals or easing inflation concerns could potentially create a favorable environment for risk assets like crypto. Improved Confidence: A rising tide lifts all boats, as they say. Positive momentum in major markets can boost overall investor sentiment . Economic Health Indicator: A strong stock market is often seen as a barometer for the health of the economy, which indirectly affects the crypto landscape. Challenges: Decoupling Risk: While correlations exist, crypto can also move independently or even inversely to traditional markets. Relying solely on stock market performance is not a sound crypto investment strategy. Volatility: Both stock markets and crypto markets are prone to volatility. Today’s gains in the Nasdaq S&P Dow could be followed by declines tomorrow based on new information. Sector-Specific Drivers: The reasons for a stock market rally might be specific to certain sectors (e.g., tech earnings), which don’t directly translate to the drivers of crypto prices (e.g., regulatory news, adoption rates). Looking Ahead: Actionable Insights for Crypto Investors So, what should you take away from today’s positive opening in the US stock market ? Firstly, it’s a good reminder to keep an eye on the broader economic landscape. While crypto has unique drivers, it doesn’t exist in a vacuum. Pay attention to major economic indicators and central bank commentary, as these influence all financial markets . Secondly, understand that positive investor sentiment in one market can spill over, but don’t assume it’s a guaranteed correlation. Use this information as one data point among many when assessing the overall market mood. Finally, continue to focus on the fundamentals of the crypto projects you are interested in. While macro trends matter, the long-term success of cryptocurrencies depends on technology, adoption, regulation, and community. Today’s positive start for the Nasdaq S&P Dow is certainly noteworthy, reflecting a hopeful tone in traditional finance. Whether this momentum continues and how it ultimately influences the crypto market remains to be seen, but staying informed across all asset classes is crucial for any savvy investor. Summary In conclusion, the US stock market opened higher today, with the S&P 500, Nasdaq, and Dow posting solid early gains. This development signals positive investor sentiment and highlights the interconnectedness of global financial markets . While not a direct predictor of crypto prices, understanding the drivers behind this market rally in the Nasdaq S&P Dow provides valuable context for navigating the broader investment environment. Keep watching how these traditional market movements unfold and consider their potential, albeit indirect, impact on the world of digital assets. To learn more about the latest financial market trends, explore our articles on key developments shaping the crypto market and traditional finance.
Memecoin Leaders Show Mixed Signals In the fast-moving world of cryptocurrency, investor attention can shift rapidly — and that’s precisely what seems to be unfolding as both Dogecoin (DOGE) and Shiba Inu (SHIB) show signs of market hesitation. While these two dominant memecoins continue to dominate social sentiment, analysts and early investors are increasingly eyeing a new altcoin on the rise: MAGACOINFINANCE , which recently secured a significant $7.8 million in early-stage funding . Dogecoin Faces Key Resistance Dogecoin, which rallied over 15% in late April alongside Bitcoin’s breakout above $90,000, is now encountering a familiar resistance zone around the $0.20 mark . Despite strong social media presence and high engagement among retail traders, momentum has started to taper, with price forecasts suggesting a tight trading range in the near term. While some bullish models point to targets above $0.22 or even $0.65 later this year, these depend heavily on broader market catalysts and meme coin cycles. Shiba Inu’s Short-Term Forecasts Remain Volatile Similarly, Shiba Inu has delivered sharp short-term gains, with recent projections indicating potential spikes of up to 125% , but volatility remains extreme. Analysts caution that SHIB’s upward trajectory could stall without sustained adoption of its layer-2 solution, Shibarium , and meaningful developments within its ecosystem. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH MAGA50X MAGACOINFINANCE Gains Ground as a Fresh Entry In contrast, MAGACOINFINANCE is beginning to emerge as an under-the-radar contender in 2025’s altcoin landscape. Following its $7.8M raise , investor sentiment has shifted toward this newer entrant, particularly as it positions itself outside the noise typically associated with legacy meme coins. Backed by a growing community and early-stage momentum, MAGACOINFINANCE is now being flagged by some traders as a potential “sleeper” asset — one that may offer greater stability and long-term upside compared to older, more saturated plays. Investors Explore Altcoin Rotation Opportunities What sets MAGACOINFINANCE apart is the timing. With traditional meme coins showing mixed signals, there is growing appetite among investors for alternative low-cap projects with strong early backing. MAGACOINFINANCE appears to be capitalizing on this sentiment by appealing not only to retail communities but also to analysts tracking capital rotation ahead of mid-year altcoin shifts. CLICK HERE – TIME IS RUNNING OUT Conclusion: Focus Shifts to MAGACOINFINANCE While Dogecoin and Shiba Inu continue to command headlines, the narrative is clearly evolving. As market conditions reset and momentum strategies change, investors seeking fresh opportunities are watching what comes next — and for many , MAGACOINFINANCE i s increasingly where that attention is going. To learn more about MAGACOINFINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: SHIBA INU and Dogecoin Show Mixed Signals — While MAGACOINFINANCE Gains Traction After $8M Raised
Coinbase reported lower-than-expected earnings due to economic and market challenges. MARA Holdings saw a significant increase in earnings and Bitcoin holdings. Continue Reading: Coinbase Faces Economic Challenges and Market Downturns The post Coinbase Faces Economic Challenges and Market Downturns appeared first on COINTURK NEWS .
Dogecoin has spent the better part of three years digesting its 2021 blow-off-top, yet the popular meme-coin may be about to leave the consolidation range behind, according to a fresh weekly chart shared on X by the pseudonymous analyst Maelius (@MaeliusCrypto). Dogecoin ‘Looks Incredible’ The DOGE/USDT pair on Binance is printing a weekly candle at $0.1828 (open 0.1705, high 0.1833, low 0.1643), up 7.2% on the week. Two long-term moving averages frame the current structure: the 50-week exponential moving average (EMA-50) at $0.203 in blue and the rising 200-week EMA (EMA-200) at $0.138 in red. Price sliced below the EMA-50 earlier this year, but—crucially in Maelius’ view—never lost the EMA-200, which now sits inside a broad, slate-coloured demand zone running roughly from $0.11 to $0.20. A second layer of support comes from an ascending red trend-line that links the October 2023, August 2024 and April 2025 swing-lows. The most recent pullback, labelled “2” on the chart, bounced almost precisely where that diagonal meets the EMA-200 and the lower edge of demand—an area of triple confluence that technicians often see as a textbook springboard for the next advance. Related Reading: 72% Of Binance Traders Go Long On Dogecoin, What Does This Mean For Price? Maelius’ primary thesis rests on a nested 1-2, 1-2 Elliott Wave count. The first “1-2” sequence began with a thrust to ~$ 0.2288 in March 2024, retraced to $ 0.0805 in August the same year, and then ignited a larger impulsive leg that topped near $0.4843 in December last year (labelled the second “1”). The corrective follow-through to $0.1298 in April completed the second “2”. In Elliott terminology, two consecutive 1-2 structures “wind the spring” for wave 3 of (3)—historically the longest and steepest portion of an impulse. Maelius places the coming third wave, its subsequent fourth-wave consolidation, and a final fifth wave in the blank area above current price. He predicts DOGE to reach roughly $1 as part of the third wave, followed by a correctional fourth wave below $0.70. The fifth wave is forecasted to reach its climax somewhere between $1.30 and $1.70. Related Reading: Dogecoin Bounce Expected By Analyst Who Called Bitcoin Bottom Beneath the price action sits the WaveTrend Oscillator (WTO), a momentum indicator closely related to the TSI that measures the distance between an asset’s price and its own smoothed values. The WTO prints two lines and a histogram; a bullish cycle begins when the faster line crosses above the slower one from oversold territory (–60/–53 in the standard settings). That cross has just fired on the 1-week timeframe for the first time since the August 2024 low. The histogram has shifted from deep red to neutral grey, echoing similar transitions that preceded Dogecoin’s previous vertical advances. Put together, the chart describes a market that is holding a multi-year demand block, trading above its 200-week EMA, testing—though not yet reclaiming—its 50-week EMA, and exhibiting a fresh bullish momentum cross. From a pure-chart standpoint, those ingredients satisfy many of the conditions technicians look for when hunting the start of a primary trend leg. Maelius concludes: “DOGE looks incredible here, despite the fact it went lower as I initially expected (was expecting EMA50 to hold).Respecting major demand area, EMA200 as well as diagonal support and it seems like 1,2,1,2 is completed and now we head for 3rd EW (within larger 3rd). 1W WTO recently crossed, which is also supportive of bottom being in.” At press time, DOGE traded at $0.18445. Featured image created with DALL.E, chart from TradingView.com
A shift in WIF's market sentiment garnered significant attention from traders, leading to a surge in trading volume.