Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
The last day of the week is more bullish than bearish for most of the coins.
DOGE/USD
DOGE could not follow the rise of other altcoins, falling by 0.46%.
Despite the fall, DOGE is trading sideways in the wide range between the support at $0.06581 and the resistance at $0.08. At the moment, traders should pay attention to the local level at $0.07.
If buyers lose it, there is a high chance to see a further drop to the $0.068 zone. Such a scenario is relevant until the end of the month.
DOGE is trading at $0.07157 at press time.
SHIB/USD
SHIB has followed the drop of DOGE, falling by 0.38% since over the last 24 hours.
Despite the fall, the rate of SHIB is in the bullish area. While the price is above the support at $0.00000830, buyers are dominating the market. In this case, growth may continue to the resistance at the $0.00000875 mark.
SHIB is trading at $0.00000841 at press time.
Source: https://u.today/doge-and-shib-price-analysis-for-january-8