For this to occur, #ShibaInu: has to forestall further declines by sustaining key range
In the last 24 hours, dog-themed cryptocurrency Shiba Inu ($SHIB ) has seen a nearly 3% drop in its value. At the time of writing, #SHIB، was down 2.47% in the last 24 hours to $0.000024, after reaching intraday lows of $0.00002284.
The price decline has taken SHIB below the much-watched daily SMA 50 level at $0.00002447. Shiba Inu bulls overcame this crucial barrier in late May, but turning this level into support has been a battle between bulls and bears.
With the drop beneath the daily SMA 50, the recent dip in price has caught the attention of investors and traders alike, as they closely monitor SHIB's performance for signs of recovery or further decline.
As SHIB navigates through this critical phase, the next significant resistance level is anticipated to be in the range of $0.000025 to $0.00003. Resistance levels are crucial as they represent the price point at which selling pressure overcomes buying pressure, potentially leading to a price stall or reversal. For SHIB, crossing this threshold could signal a bullish trend, enticing more #investors to join the fray.
An intriguing aspect of this resistance level is the substantial amount of SHIB that was previously acquired within this range.

In/Out of the Money Around Price, Courtesy: #IntoTheBlock
According to data from on-chain analytics firm IntoTheBlock, 92.2 trillion SHIB were bought by 124,220 addresses in the range between $0.000025 to $0.00003 at an average price of $0.000028.
Given the enormous SHIB held in this range, Shiba Inu could find a launchpad here, breaking through the resistance and climbing higher. For this to occur, Shiba Inu has to forestall further declines by sustaining a key range, where 26 trillion SHIB are being held.
Based on IntoTheBlock data, 26.55 trillion SHIB were bought by 62,080 addresses in Shiba Inu's current trading range between $0.000023 and $0.000025. Technically, SHIB must return above and decisively break past the daily SMA 50 at $0.00002447 to restart a price uptrend and escape range trading.
#BNBCrossing660

#Write2Earn Dogecoin price has recovered, jumping by 11% overnight amid a massive resurgence in the trading volume and memecoin sentimentDogecoin ($DOGE ) price has entered the bullish zone and it is leading a new memecoin revolution today as it has maintained its bullish resurgence since the news of X Payments accounts was reported on July 20. At the time of writing, the memecoin is changing hands at a price of $0.08818, up 11.13% in the past 24 hours. #DogecoinPrice and #on-chain OutlookCurrent on-chain data shows that Dogecoin rose from a 24-hour low of $0.07899 to the level it now trades at. The revival recorded within this timeframe was spurred in part by the parabolic jump in trading volume. This metric has risen by 289.72% bringing the total volume of DOGE traded to $1,303,078,319.Dogecoin has played the underdog for some time especially in the memecoins world as alternative tokens, especially those from the #Solanaecosystem  took center stage. While the Dogecoin price has recorded only a minor growth of 14.71% in the past 6 months, one of its core rivals $BONK has jumped by 3,437% in the same period.The current bullish outlook in Dogecoin price is complementary to the whale activity in the network at the moment. The memecoin’s whale volume, per data from #IntoTheBlock , has jumped by 21.25% to $1.21 billion. This rare resurgence has placed Dogecoin in the spotlight at a time when Bitcoin’s large transaction growth dropped by 44.27% to $20 and Ethereum’s nosedived by 42.83% to $2.4 billion.The recovery in Dogecoin’s price has helped it erase the majority of its losses in the trailing 7-day period. This brings its weekly growth to a positive 6.6% from a loss of over 10%. This sentiment might trigger a memecoin revolution across the board.Bullish Standards Set for $SHIB , PEPE and BONKThe recovery in Dogecoin price has further uplifted the bullish sentiment in the memecoin world as many competing tokens are now wriggling out of their long-drawn losses from the past week. Shiba Inu (SHIB), riding on potential milestones on Shibarium has jumped 1.81% to $0.000009529. Should this tempo be sustained, the memecoin might be on its way to erase one zero from its price to $0.00001.While BONK is currently up by 2.91% to $ 0.00001186, PEPE has grown by 3.31% to $0.000001152, complementing the broader bullish trend in the memecoin world.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.

@WISE CRYPTO NEWS ’s daily news digest keeps you informed of the most important updates in the crypto industry
#Grayscale CEO steps down
Binance issues important update on token listing strategy
Litecoin ($LTC ) whales waking up
@WISE CRYPTO NEWS presents the top three news stories over the past day.
Grayscale CEO steps down
According to a recent press release, Michael Sonneshein, CEO at Grayscale, has stepped down from his position "to pursue other interests" after working at the company for 10 years. Succeeding Sonnenshein is Peter Mintzberg, global head of strategy for asset and wealth management at Goldman Sachs, with over 20 years of experience across the world’s leading #asset managers. Mintzberg will take up his new position on Aug. 15, 2024, joining Grayscale's Board of Directors at the same time. Following the CEO transition, Barry Silbert, founder and CEO of Digital Currency Group, took to social media to thank Sonnenshein for guiding the firm through exponential growth and to wish him "the best in his future endeavors." Sonneshein, in turn, thanked Silbert for his vision while wishing the Grayscale team "every success." 
Binance issues important update on token listing strategy
In a recent announcement, Binance revealed its plans to make a drastic change to its token listing strategy. As stated in Binance's blog post, the exchange spotted a trend of listing predominantly high-value projects with low circulating supplies; such market structure causes concerns, wrote Binance in its recent report titled "Low Float & High FDV: How Did We Get Here?" as it leaves little sustainable upside for traders after the token generation event. To foster a healthy industry with a variety of market participants, Binance is stepping forward, providing support to smaller- to medium-valued projects. According to Binance, project owners may apply for listing on its platform through any of its channels. However, to qualify for listing as a small- or medium-cap project, applicants must have a Minimum Viable Product (MVP).
Litecoin (LTC) whales waking up
Over the past month, Litecoin whales have gone on a major accumulation spree. Data provided by #IntoTheBlock shows that in the last 30 days alone, Litecoin whale addresses have accumulated 2,751,633 LTC. The peak of activity occurred on May 10, when whale addresses saw a net inflow of over 900,000 LTC. Such accumulation could signal a major change in the Litecoin ecosystem and a rise in confidence among major holders. Especially notable was the May 10 single-day net inflow of over 900,000 LTC. This indicates a significant change in whale behavior, marking the largest daily accumulation of whale addresses since February. Previously, @WISE CRYPTO NEWS reported that the #Litecoin network had processed over 245 million transactions since its inception, with a notable 39 million of those transactions occurring in 2024 alone. It is possible that whales are setting up to capitalize on Litecoin's impending developments.#BTC