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DOGE and SHIB Price Analysis for January 15

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Sun, 15/01/2023 - 14:43
DOGE and SHIB Price Analysis for January 15
Cover image via www.tradingview.com

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The market is facing a slight correction as the rates of some coins are in the red zone.

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Top 10 coins by CoinMarketCap

DOGE/USD

The rate of DOGE has dropped by 2.28% over the last 24 hours.

DOGE/USD chart by TradingView

On the daily chart, the current decline has not affected the technical position of DOGE as the rate remains in the bullish zone — above the support at $0.08.

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If buyers can hold that mark, the more likely scenario is sideways trading in the range of $0.08-$0.085 so the altcoin could accumulate more energy for a further upward move.

DOGE is trading at $0.08471 at press time.

SHIB/USD

SHIB has followed the drop of DOGE, going down by 2.55%.

SHIB/USD chart by Trading View

SHIB is trading similarly to DOGE as the price is stuck in the narrow range between the support at $0.00000967 and the resistance at $0.00001055. If the rate remains above the $0.000010 mark, the growth may continue to the $0.000011 zone next week.

SHIB is trading at $0.00001010 at press time.

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