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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

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

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Top coins by CoinMarketCap

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.

Related
BTC, ADA and BNB Price Analysis for August 16

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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