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.
On the last day of the week, the cryptocurrency market is trading neutrally.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE has declined by 1% since yesterday. Over the last week, the price has risen by 1.26%.
Image by TradingView
On the daily chart, today’s slight fall has not affected the overall technical position of DOGE. In addition, the falling volume confirms that any sharp moves are unlikely to happen soon.
In this case, sideways trading in the area of $0.075-$0.077 is the more likely scenario for the next few days.
DOGE is trading at $0.07608 at press time.
SHIB/USD
SHIB has lost more than DOGE, going down by 2.41%.
Image by TradingView
Despite today’s fall, the rate of SHIB is looking more bullish than bearish as the price has been rising for the past few days. At the moment, one can expect consolidation in the range of $0.000010-$0.000011 so the meme coin could get more energy for a further move.
SHIB is trading at $0.00001048 at press time.
Source: https://u.today/doge-and-shib-price-analysis-for-august-13