<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
The market is trading sideways as the prices of <a href="https://u.today/btc-eth-xrp-ada-and-bnb-price-analysis-for-august-21-0" rel="noopener noreferrer nofollow">some coins</a> are rising, while others keep falling. 
<img alt="Top coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="361e70ff-f5fe-495d-b768-2dd524e60446" src="https://u.today/sites/default/files/inline-images/top10_611.png"> 
Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a> 
<h2 id="doge-usd">DOGE/USD</h2> 
The rate of DOGE has risen by 1% over the last 24 hours. 
<img alt="DOGE/USD chart byTradingView" data-entity-type="file" data-entity-uuid="7dc75fba-3bc6-44ce-802e-1ebdd6d89984" src="https://u.today/sites/default/files/inline-images/doge_193.png"> 
Image by <a href="https://www.tradingview.com/symbols/DOGEUSD" rel="noopener noreferrer nofollow">TradingView</a> 
Today's slight rise has not affected the general technical position of DOGE on the daily chart. At the moment, the rate is far from the main levels, which means that sideways trading remains the more likely scenario for the next few days. 
Bulls have a chance to seize the initiative only if the price fixes above the $0.066 area. 
DOGE is trading at $0.0632 at press time. 
<h2 id="shib-usd">SHIB/USD</h2> 
SHIB is more of a gainer than DOGE, going up by almost 4% since yesterday. 
<img alt="SHIB/USD chart by TradingView " data-entity-type="file" data-entity-uuid="72aac1ed-c8a2-428b-b85f-54195e259ddd" src="https://u.today/sites/default/files/inline-images/shib_155.png"> 
Image by <a href="https://www.tradingview.com/symbols/SHIBUSD" rel="noopener noreferrer nofollow">TradingView</a> 
From the technical point of view, SHIB is trading similarly to DOGE as the rate is trading between the support of $0.00000760 and the resistance at $0.00000878. As none of the sides has seized the initiative yet, consolidation in the range of $0.000008-$0.0000085 is the more likely scenario until the end of the week. 
SHIB is trading at $0.00000823 at press time.

DOGE and SHIB Price Analysis for August 23

Table of Contents

U_Today

Other articles published on Aug 23, 2023

BlockFi battles FTX, 3AC in court over repayment claims

Evgo Stock: Get ready for the next Short squeeze in Evgo Inc stock

Citi survey: more firms exploring blockchain despite FTX setback

Ripple Attorney Suggests: Coinbase’s Acquisition Could Have Included XRP

Report: Australia Explores CBDC Use Cases in Four Key Areas, Says Technology is “Some Years Away”

Kommunitas x Firepot Finance Priority IKO Details

Join our free newsletter for daily crypto updates!