EUR/USD price surged in latest intraday trading, confirming its exit from a descending correctional price channel in the short term, while also shaking off negative pressure from the 50-candle SMA, regaining its footing amid the dominance of the main upward trend, while readying to tackle the pivotal resistance of $1.0945.
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You’ve no doubt seen a bright green beverage take over your local cafes and social media feeds.
Matcha has boomed in popularity over recent years, so much so it has led to a supply strain on Japan’s tea industry.
Two major Japanese tea brands, Ippodo and Marukyu, last year announced purchase limits on the finely ground green tea powder in response to the growing demand.
It was an unprecedented move that sparked global concerns of a matcha shortage and as Japan heads into the new matcha harvest season, concerns of a shortage are circulating again.
Concerns of a matcha shortage are circulating again. (Getty)
The Japan Times has reported the growing demand for the product paired with slow production times could result in a global matcha shortage. But it’s a little more complicated than that.
On one hand, there is no doubt supply is struggling to keep up with demand.
Data from Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) reveals Japan produced 4176 tonnes of matcha in 2023 – a threefold increase from the 1471 tonnes produced in 2010, The Japan Times reports.
The demand has pushed the Japanese tea industry into overdrive as it attempts to keep up.
The increased demand has put a strain on the Japanese tea industry. (Getty)
Jason Eng, who manages business partnerships for Japanese tea brand Kametani Tea told The Japan Times that the company had increased production by 10 per cent each year since 2019.
“There’s a lot of overtime, and also on weekends now, just trying to keep up with demand,” he told the publication.
It’s also been noted in Australia.
Alan Huynh, the director and founder of Australian matcha brand Matcha Society, tells 9honey Kitchen he noticed demand for matcha within his business began to “heat up” in October last year.
“Every month after that, it’s been a 50 to 100 per cent growth month on month.”
On top of increasing sales, the demand is pushing prices up and making lead times longer. Huynh notes that while his company used to be able to expect to receive product from its Japanese supplier within two weeks, now it’s more like three months.
“It makes it really difficult to forecast the inventory that we’re going to go through,” Huynh says.
“So that pretty much means that we need to keep a very clear and concise relationship with our farmers in Japan, so that they constantly communicate to us what the lead time’s like and how much things are going to cost, because at the moment everything’s a bit of a frenzy with prices.”
This is because production of the massively popular green powder is a naturally slow process, per The Japan Times.
The shrubs from which matcha tea leaves are harvested take up to five years to mature then the machines that grind it are slow – one machine can only make enough matcha for about 10 to 12 matcha lattes every hour.
On top of that, the number of tea farmers in Japan is on the decline, according to MAFF data.
But is there really a total shortage of matcha? Well according to the Global Japanese Tea Association the answer is, “not exactly”.
The Global Japanese Tea Association says “there’s no need to worry”. (Getty)
The association notes the seasonal nature of matcha production, with the highest-grade matcha only having one harvest per year, makes it a “naturally scarce” product – something many would argue is what makes it so special.
However, the Japanese Ministry of Agriculture, Forestry and Fisheries is already encouraging increased matcha production and subsidies have already been implemented to make this happen. It will be a slow process but it will bolster matcha supplies to match demand, the association says.
And with the new matcha harvesting season set to begin this month, the Global Japanese Tea Association says “there’s no need to worry”.
“The spring harvest is just around the corner and fresh matcha will soon be produced,” the association wrote in a recent post on its website.
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The XRP price remains under pressure this month as the crypto fear and greed index falls into the fear zone. Following a fall of over 30%, it has entered a deep bear market and is now lingering near a crucial make-or-break point. This article explores whether buying or selling the Ripple token at the current price is safe.
XRP Price is at a Make-or-Break Point
Crypto analysts have mixed feelings about Ripple. What is clear, however, is that the coin is hovering at a make-or-break point. In a recent note, Ali has warned that the coin could approach the key point of $1 if it loses the key support level of $2.
The weekly chart shows why this support level is important. The coin has failed to drop below it several times since January. Also, this price is along the 50% Fibonacci Retracement level.
As noted by BanklessTimes, this price aligns with the neckline of the head-and-shoulders pattern on the daily chart. H&S is a pattern made up of three parts: a head, shoulders, and neckline. It is one of the most bearish patterns in technical analysis.
Therefore, a crash below this level will be a sign that the pattern of the bears and the head and shoulders has prevailed. Such a move will lead to more downside, potentially to the 61.8% retracement level at $1.53, approximately 26% below the current level.
The bearish XRP price forecast will become invalid if it rises above the 23.6% retracement point at $2.70. For now, the decision to buy or hold XRP will depend on whether it moves below the support level near $2.
XRP price can avoid a catastrophic crash because of the several catalysts that Ripple has. First, the Ripple USD stablecoin is performing well. Its market cap has surged to over $250 million, and its usage is accelerating. On Wednesday, Ripple added the RLUSD stablecoin to its cross-border payment system, which will boost its volumes over time.
Second, several companies have applied to the Securities and Exchange Commission (SEC) for spot XRP ETFs. The SEC’s approval will likely lead to more gains in the coming months as investors boost their positioning.
Moreover, Ripple Labs is likely to embark on a significant growth trajectory as it seeks to be a viable alternative to SWIFT. Brad Garlinghouse has argued that Ripple is a much better option because of its lower costs and faster speeds.
U.S.-based simulation game developer Quantum Blocks has officially launched its new title, Dino Tycoon, on the TON blockchain.
As the first project in the expanding Tycoon Universe, Dino Tycoon introduces the innovative concept of “Tycoon to Earn”, where players manage theme parks and earn rewards through strategic gameplay.
The game is built on Telegram, allowing users to play instantly without requiring a wallet connection. Players can manage their own virtual theme parks, upgrade attractions, attract visitors, and earn Tycoon Tokens based on performance.
Unlike traditional Play-to-Earn titles, Dino Tycoon prioritizes fun-first gameplay and a sustainable on-chain rewards model, setting it apart in the Web3 space.
Notably, the game is fully developed and operated in-house by Quantum Blocks, a rarity in the current Web3 gaming market, earning recognition as a high-quality simulation game.
“Dino Tycoon is not just a standalone Web3 project — it’s the first building block of a broader, interconnected Tycoon Universe,” said Peter, CEO of Quantum Blocks. “Early players will benefit from long-term advantages and gain access to rewards across the ecosystem.”
The game also bridges the gap between Web3 technology and the familiar Web2 user experience.
In 2025, AI-based automated park management features will be introduced, enabling players to earn by automating their gameplay — even when offline.
Launch Events Now Live
To celebrate its official launch, Dino Tycoon is currently hosting three limited-time community events:
Visitor Ranking Event- Players compete to attract the most visitors for a chance to win USDT and in-game rewards.
Invite-to-Earn Event- Players who invite friends will earn tiered rewards and leaderboard bonuses.
SNS Review Event- Players who share gameplay reviews on social media will be entered into a draw to win USDT and exclusive NFT items.
These events are specifically designed to reward early adopters, with greater incentives for those who join sooner.
Roadmap and Ecosystem Expansion
Future titles within the Tycoon Universe, including Idol Tycoon and Geko City, are currently in development. All games in the series will operate within a unified token economy and follow a seasonal progression format.
Quantum Blocks aims to provide accessible onboarding through Telegram and create an interconnected Web3 simulation gaming experience within the TON ecosystem.
About Quantum Blocks
Quantum Blocks is a U.S.-based game development studio focused on creating simulation and strategy titles for Web3 platforms. The studio develops and operates all projects in-house, with a focus on integrating blockchain technology into accessible and engaging gameplay. Its flagship initiative, the Tycoon Universe, is a connected ecosystem of simulation games built on the TON blockchain and designed for seamless play through Telegram.
Website: dinotycoon.io
Telegram: @DinoTycoon_Announcement
Twitter: @Dino_Tyco
Contact
Founder Tôn Thất Minh Trí JAR agency tontri0007@gmail.com
Gold price rose in latest intraday trading, boosted by a technical pattern that’s complementary to the main upward trend, the Flag pattern, while trading alongside the secondary short-term trend line, with positive signals from the Stochastic, coupled with ongoing positive support due to trading above the 50-candle SMA.
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NZD/USD price engaged in highly volatile trading in the intraday levels after managing to exit the descending correctional price channel in the short term yesterday, however, it quickly bounced lower after the current resistance of $0.5762 held on, as the price tries to gather positive momentum that could help it pierce that resistance, thus leaning on the support of the 50-candle SMA and bouncing higher once more after receiving a boost.
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An analyst highlights a bullish divergence on Dogecoin, suggesting that traders should focus on the numbers rather than the news.
Dogecoin (DOGE) continues to face a challenging period, with its price stagnating. Over the past week, Dogecoin has experienced a significant decline of 15.30%, with the current price standing at $0.1715.
While these figures reflect recent struggles, analysts have identified key technical indicators that suggest potential future gains.
In a recent post on TradingView, one analyst highlighted a bullish divergence on Dogecoin’s 3-month chart. The chart shows the price has been making higher lows, indicating an upward trend.
Meanwhile, the RSI, a momentum indicator, is trending lower. This discrepancy creates a “bullish divergence,” which often signals a potential reversal or rally.
Dogecoin Bullish Indicators | TradingView
“Don’t be Fooled by The News”
While the analyst refrained from providing a specific price target, he emphasized the likelihood of Dogecoin reaching new highs in the future. In particular, he urged Dogecoin enthusiasts to ignore negative news causing temporary fluctuations and maintain a bullish perspective.
“New all-time highs [likely for Dogecoin]—don’t be fooled by the news,” he wrote.
Notably, a few days ago, Elon Musk, head of the U.S. Department of Government Efficiency, denied the possibility of using Dogecoin in the federal government. Musk’s words contributed to a drop in Dogecoin’s price to trade below $0.17, although it has recovered slightly.
Testing Key Resistance Levels
Elsewhere, another trader, Raj Kumar, analyzed the current market situation, focusing on key support and resistance levels. He shared a chart showing that Dogecoin’s price has surpassed a critical resistance level of around $0.17236.
This level has acted as a barrier to upward movement, with previous seller pressure limiting the price from breaking through. The trader points out that this breakout could pave the way for further gains.
Dogecoin Prediction | TradingView
Support Zones Indicate Possible Rally
These predictions follow similar commentaties by MMBTtrader, which outlined important support zones for Dogecoin. After breaking past a resistance level, the analyst noted that a retest of the current price zone could be necessary before any major rally can take place.
The key support zones identified include $0.13548 and $0.09024. If Dogecoin stabilizes at these levels, it could potentially lead to a surge, with the trader predicting a rise to the $0.30-$0.40 range.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
US crude oil price turned its early losses into mild gains in latest intraday trading as it seeks a bottom to bounce it higher and help it gather necessary positive momentum to rebound, amid the dominance of the upward correctional trend in the short term, while a positive divergence starts to form in the Stochastic, sending out positive signals.
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Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
XRP has once again captured the market’s attention after a sharp decline shook out short-term holders. But some analysts now believe this recent dump may have marked a generational bottom, creating the setup for a major price reversal.
At the same time, an innovative project is completely defying the overall negative trend: PlutoChain ($PLUTO) — a live Bitcoin Layer-2 project that enables smart contracts and DeFi directly on the Bitcoin network already grew by double digit percent in the first 24hrs of launch.
Let’s explore both stories.
What Just Happened: The Latest XRP Dump
Over the past few days, XRP experienced a sharp correction, dropping by over 17% from its local high. While the sell-off was largely attributed to broader market weakness and liquidations, many analysts believe this could be a final flush-out before a new uptrend begins.
This isn’t the first time XRP has gone through heavy volatility — and past dumps of this magnitude have often preceded long-term price rebounds.
Looking at previous XRP cycles, large corrections like the recent one have frequently marked cycle bottoms:
In 2017, XRP fell over 30% in a short window — before rallying more than 1,000%
In 2020, the token dropped 25% just before the bull market began
Similar patterns were seen in early 2023 before the July rally
In each case, extreme negative sentiment and rapid price declines led to capitulation — followed by a significant rebound.
Technical indicators such as RSI, volume spikes, and on-chain metrics now mirror those prior cycles.
Market Sentiment: Fear May Be Peaking
XRP’s Fear & Greed Index has touched extreme fear levels, typically seen near macro bottoms. Meanwhile, whale wallets have started accumulating again, a signal often seen before recovery.
Social media mentions of XRP hitting a “bottom” are also on the rise, further suggesting a shift in sentiment from panic to cautious optimism.
What to Watch Moving Forward
Support Zone: $0.47–$0.50 remains key — holding this range could confirm a bottom
Volume Confirmation: Rising volume on green candles may validate bullish reversal
Catalysts Ahead: Continued clarity in the SEC case or broader BTC-led recovery
PlutoChain ($PLUTO): A Live Hybrid Layer-2 Worth Watching
While XRP navigates a potential rebound, PlutoChain ($PLUTO) is growing as more users flock intrigued by the project’s growth in the last couple of days. As a live Layer-2 solution for Bitcoin, PlutoChain enables DeFi, NFTs, smart contracts, and AI—all secured by Bitcoin’s network.
PlutoChain Highlights:
2-second block times for near-instant settlement
EVM compatibility, allowing Ethereum dApps on Bitcoin
Ultra-low fees from just 0.1 Gwei
125,000+ testnet transactions
2,550+ active wallets
Triple-audited by SolidProof, QuillAudits, and Assure DeFi
Live on Uniswap, with growing activity
PlutoChain is not a presale promise—it’s a functional protocol with traction. With BTCFi exploding from $307M to over $6.6B in total value locked, PlutoChain is positioned to be a foundational player in the next phase of DeFi on Bitcoin.
Final Thoughts
While short-term volatility remains high, the historical data paints a compelling picture: XRP may have just formed a generational bottom. If the pattern holds, this could be an opportunity for long-term accumulation ahead of the next major move.
For those looking for real-time utility and steady growth, PlutoChain offers a proven alternative—tested, active, and designed to enhance Bitcoin’s scalability.
This article does not offer financial advice. Cryptocurrencies can be unpredictable and carry risks. It is important to conduct thorough research before acquiring any crypto asset. Forward-looking statements carry risks and are not guaranteed to be updated.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Notice that there is a higher daily low today and that support for the past two days was at a prior top trend channel line (purple). That line is the top of a long-term channel starting from February 2024. Signs of support at a prior resistance line is a sign of strengthening.
Nonetheless, what happens next is what matters. Is the bull channel breakout sustained or is it followed by a decline back into the channel. There is also a smaller rising parallel trend channel (blue) on the chart marking resistance around Tuesday’s high. That high also completed a 261.8% retracement of the bearish correction begun in the second half of February at $3,153.
Above $3,153 is $3,170
Especially if gold can stay above the top purple channel line, it has a chance to continue towards higher potential targets. Above the 261.8% retracement level is a small target range from $3,170 to $3,177, consisting of the 250% retracement of the October 2024 decline, and the initial target from a rising ABCD pattern, respectively.
Bearish Shooting Start Triggers Below $3,101
On the downside, a drop below Wednesday’s low of $3,108 puts Tuesday’s low of $3,101 at risk of failing as well. Gold would then be back below the top channel line and likely heading towards a test of support around the prior pivot around $3,077, and the recent high at $3,058. Further down is potential support at the 20-Day MA, now at $3,012.
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