Dogecoin, Shiba Inu & DeFi tokens – American Wrap 12 August

Dogecoin Price Prediction: DOGE eager to begin quest for $0.405

Dogecoin price orchestrated a 28.14% gain on August 7 and climbed over 40% at the August 8 high of $0.288, busting the tight range that defined DOGE through late July and the beginning of August. The resulting improvement in the price structure, taking the form of a cup-with-handle base, has created the opportunity for higher prices and the beginning of a new cyclical uptrend.

Shiba Inu Price Forecast: SHIB plots a new opportunity, targets a 35% gain

Shiba Inu price is up 4.25% this week after rising 15.53% last week, maintaining the upward trajectory as it consolidates the gains. The emerging cup-with-handle base improves the probabilities that SHIB will resume the rally and test the previously suggested targets of $0.00001204 and $0.00001214.

These two DeFi tokens may correct 20%

Uniswap price has tapped the 50% retracement level of the May-July correction while showing a bearish momentum divergence on the intraday and daily charts. The Graph price reaches significant resistance after an explosive move and closes with a bearish shooting star on the daily chart.