DOGE and SHIB Price Analysis for August 26
The weekend has started in neutral mode on the cryptocurrency market.
Top coins by CoinMarketCap
DOGE/USD
The rate of DOGE has increased by 0.75% over the last 24 hours.
Image by TradingView
On the daily chart, the price of DOGE is trading sideways as the coin has not accumulated enough energy for a sharp move. The low volume confirms this statement.
However, if the price reaches the $0.064 mark, there is a chance to see a resistance breakout followed by a blast to the $0.07 zone.
DOGE is trading at $0.06281 at press time.
SHIB/USD
SHIB has followed the rise of DOGE, going up by 0.82%.
Image by TradingView
Despite today’s rise, the price remains in the middle of the wide channel. As neither bulls nor bears have seized the initiative yet, ongoing consolidation in the area of $0.000008-$0.00000840 is the more likely scenario until the end of the month.
SHIB is trading at $0.00000816 at press time.
Source: ethereum.today
