DOGE and SHIB Price Analysis for February 5

Price Analysis
Mon, 02/05/2024 - 18:00
Cover image via www.tradingview.com
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A new week has started, with sideways trading on the cryptocurrency market, according to CoinStats.

Top coins by CoinStats

DOGE/USD

The price of DOGE has increased by 0.83% over the past day.

Image by TradingView

On the daily chart, traders should pay attention to daily closure in terms of the level of $0.08028. If it happens near it or even above, the accumulated energy might be enough for a move to the $0.082 area.

DOGE is trading at $0.07958 at press time.

SHIB/USD

SHIB has not followed DOGE, going down by 0.58%.

Image by TradingView

From the technical point of view, the price of SHIB has not accumulated enough power to either grow or fall. The falling volume confirms this statement.

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In this case, ongoing sideways trading around the $0.0000090 is the more likely scenario for the next few days.

SHIB is trading at $0.00000899 at press time.