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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.

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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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