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DOGE and SHIB Price Analysis for August 18

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Thu, 18/08/2022 - 16:36
DOGE and SHIB Price Analysis for August 18
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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The market is slowly changing to red as the bears' pressure increases.

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DOGE/USD

DOGE has followed the bearish scenario falling by 1.73%.

DOGE/USD chart by TradingView

Despite the fall, DOGE remains trading above the level at $0.07759. Until the price is above it, bulls keep controlling the situation on the market.

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However, the meme coin might need more time to accumulate power for growth to the $0.09 mark.

DOGE is trading at $0.08062 at press time.

SHIB/USD

SHIB is more of a loser than DOGE today, going down by 5.66% over the past day.

SHIB/USD chart by TradingView

The rate of SHIB keeps falling after the false breakout of the mirror level at $0.00001704. At the moment, the price is stuck in the middle of a narrow channel. Sideways trading between $0.000015 and $0.000016 is the more likely scenario for the upcoming days.

SHIB is trading at $0.00001464 at press time.

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