BlockDAG Leverages Its Proactive Strategy as Dogecoin (DOGE) and Shiba Inu (SHIB) React to Headlines

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Dogecoin (CRYPTO: DOGE) traders are now watching the $0.14280 support level closely after recent price action and a Binance (NASDAQ:BNB) delisting.

Dogecoin (CRYPTO: DOGE) traders are now watching the $0.14280 support level closely after recent price action and a Binance (NASDAQ:BNB) delisting.

What Happened: Dogecoin is trading at $0.1583 at the time of writing, showing a slight gain of 0.011% in the last 24 hours.

What Happened: Dogecoin is trading at $0.1583 at the time of writing, showing a slight gain of 0.011% in the last 24 hours.

The cryptocurrency is now trading above the $0.14280 support level. Analysts have said that a move below this support level could put more pressure on Dogecoin to move lower.

The cryptocurrency is now trading above the $0.14280 support level. Analysts have said that a move below this support level could put more pressure on Dogecoin to move lower.

Recently, Binance announced the delisting of several trading pairs, including those related to Dogecoin. This move could impact the cryptocurrency’s liquidity and investor interest.

The news comes as 21Shares filed an S-1 registration with the U.S. SEC for a spot Dogecoin ETF, in partnership with the House of Doge and supported by the Dogecoin Foundation.

The news comes as 21Shares filed an S-1 registration with the U.S. SEC for a spot Dogecoin ETF, in partnership with the House of Doge and supported by the Dogecoin Foundation.

The ETF filing, which follows the recent approval of several Bitcoin (CRYPTO: BTC) futures ETFs, could open up avenues for institutional investors to gain regulated exposure to Dogecoin.

The ETF filing, which follows the recent approval of several Bitcoin (CRYPTO: BTC) futures ETFs, could open up avenues for institutional investors to gain regulated exposure to Dogecoin.

Related Link: A Complete Guide To The Dogecoin (CRYPTO:DOGE) ETF From 21Shares And The House Of Doge

Why It Matters: The approval of a spot Dogecoin ETF by the SEC could be a significant milestone for the cryptocurrency. It could lead to increased institutional adoption of Dogecoin, ultimately pushing the token to new highs.

Dogecoin is currently trading at oversold levels of the Relative Strength Index (RSI) on the daily chart. A move above the oversold levels of the RSI could put more pressure on the cryptocurrency to move higher.

Shiba Inu (CRYPTO: SHIB) recently fell to lows of less than $0.00001 for the first time since February 2024. The lows in the cryptocurrency came as geopolitical tensions heightened and the markets sold off.

The Shiba Inu price chart shows the token may be bottoming after bouncing off of the lows and rising to around $0.0000115.

The new lows may have brought out large buyers, also known as whales, who are now accumulating the token. According to data from DeBank, over 874 billion SHIB tokens were acquired by a single whale in a recent transaction.

The RSI technical indicator also shows that Shiba Inu is approaching oversold territory, which could precede a move higher in the short term.

Shiba Inu is currently trading at $0.000010 support, which analysts said is a critical level to watch. If the token can hold this support level and if bullish momentum continues, the Shiba Inu price chart could show a bottom and a move higher from here.

Top Chart: According to Benzinga Pro, SHIB is down 0.41% over the last 24 hours and now trades at $0.00001021. The cryptocurrency remains down 95% from all-time highs of $0.000086 reached in late 2021.

The chart shows fib support may come into play at $0.0000099.

Shiba Inu is the second-largest meme coin, following closely behind Dogecoin.

Read Next: Is It Time To Buy BlockDAG As The Crypto Project Approaches Its April 17 AMA?