E Point Perfect

DOGE and SHIB Price Analysis for August 21


Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The week is about to close bearish for the cryptocurrency market as all the top 10 coins are in the red zone.

Top coins by CoinMarketCap


DOGE has followed the drop of other coins, going down by 11% over the last week.

DOGE/USD chart by TradingView

On the weekly chart, DOGE has almost absorbed the last bullish candle, which means that bears are about to seize the initiative.

If the candle closes below the $0.07 mark, it may cause a sharp drop to the next level at $0.06. Such a scenario is relevant until the end of the upcoming week.

DOGE is trading at $0.06887 at press time.


SHIB has lost more value than DOGE as its price has dropped by 14.84% over the week.

SHIB/USD chart by TradingView

Despite the sharp fall, SHIB has bounced off the mirror level at $0.00001297. If nothing crucial changes by the end of the day, one can expect a local correction to the $0.000014 zone soon.

SHIB is trading at $0.00001318 at press time.


Source link

Related posts

Solana Meme Coin Sensation BONK Down 68% from ATH, Is Hype Over?

Ripple Interested in Buying Up Celsius Assets

Shiba Inu Burning Amount Declines in September With 272 Million SHIB Burned Past Week

SHIB-Accepting Fully Crypto Integrated Restaurant in Australia About to Open

Top 10 Crypto Scams and Hacks of 2022

Miley Cyrus’s NFT Foray Is Almost Here