Shiba Inu price analysis for August 23, 2022, ends on a bearish note as the world’s 2nd biggest meme coin remains stuck in a downtrend. The MACD line is below the signal line, confirming the bearish scenario for the SHIB meme coin. In addition, Shiba Inu price action is currently retesting the middle zone of the Bollinger Bands, hinting that lower prices might follow.