Main navigation

DOGE and SHIB Price Analysis for August 2

Wed, 08/02/2023 - 15:55
article image
Denys Serhiichuk
When can traders expect upward move by DOGE and SHIB?
DOGE and SHIB Price Analysis for August 2
Cover image via

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.

Read U.TODAY on
Google News

Buyers are trying to get back in the game; however, most of the coins keep trading in the red zone.

Top coins by CoinMarketCap

Top coins by CoinMarketCap


The rate of DOGE has fallen by 0.66% over the last 24 hours.

DOGE/USD chart byTradingView

Image by TradingView

Despite today's fall, the drop might not have finished yet as the rate is on the way to test the support level at $0.07547 again. If the pressure continues, the accumulated energy might be enough for a further decrease to the $0.074 area.

DOGE is trading at $0.07599 at press time.


SHIB is not an exception to the rule, going down by 0.48% since yesterday.

SHIB/USD chart by TradingView

Image by TradingView

Even though the rate of SHIB is far from main levels, its daily chart is looking bearish.

Binance Coin (BNB) Price Analysis for August 1

If the decline continues to the interim zone of $0.000008 and no bounce back happens, the ongoing drop may lead to the test of the support at $0.00000760 shortly.

SHIB is trading at $0.00000823 at press time.

article image
About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at