Weekly review of Cryptos and top transactions

Dogecoin, Shiba Inu, PEPE, Dogwifhat, and Bonk lost 2% to 8% last week.

Solana meme coins On Sunday, Book of Meme, Cat in a Dog World Ponke and Bonk began recovering.

Ether became inflationary in Q2 2024: possibly leading to sell-off of the cryptocurrency.

Last week saw some improvements for meme currencies. However DOGE/USD (Dogecoin), SHIB/USD (Shiba Inu) and PEPE/USD (Pepe) bounced earlier on Sunday whereas WIF/USD (Dogwifhat) and BONK/USD (Bonk) extended their decline.

Meme Currency

July 28th USDC Treasury minted 250 million USDC tokens on Solana chain.

The altcoin liquidated throughout Q2 2024 as Ethereum turned inflationary with an increase of the Ether supply by more than 120 thousand tokens.

There were about almost 900 thousand bitcoins worth $61.37 billion listed on Bitcoin ETFs on U.S markets last week.

At a meeting held July 27 in Nashville, U.S presidential candidate Donald Trump promised to hoard Bitcoin so that he owns all of it one hundred percent.

Solana is going up now. The token of Ethereum rival could surge up to around thirteen percent therefore reaching March high at $210.18 within its possible range this year.

SOL can face opposition at Fair Value Gap ($192.24-$193.69). Currently SOL trades at $185.74.

Another daily close below $170(61.8% Fib retracement of the rally from $105 low on 5th March to $210.18 high on 18th March) could negate Solana’s bullish thesis. Support is at $171 on July 26.

Dogecoin

The current Dogecoin price is $0.1296. Meme coin market capitalization leader might climb 23% to $0.1601, which corresponds to 50 percent Fibonacci retracement level.

A daily chart indicates two Fair Value Gaps (FVG) between DOGE/USD (Dogecoin) line ranging from $0.1348-$0.1358 and again between $0.1583-$0.1621.

$0.1348 invalidates any upside argument if the daily candlestick closes below it, then DOGE may sweep support around $0.1201 levels July 25 low.

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