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DOGE and SHIB Price Analysis for January 19

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Thu, 19/01/2023 - 15:40
DOGE and SHIB Price Analysis for January 19
Cover image via www.tradingview.com

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The cryptocurrency market could not keep rising, and most of the coins are back in the red zone.

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Top 10 coins by CoinMarketCap

DOGE/USD

DOGE is one of the biggest losers today, falling by almost 7% over the last 24 hours.

DOGE/USD chart by TradingView

On the daily chart, traders should pay attention to the support level at $0.08. The selling volume is rising, which means that bears are not going to give up.

Related
Solana (SOL) Price Analysis for January 18

If the candle closes below the mentioned mark, the accumulated energy might be enough for a sharp drop to $0.076.

DOGE is trading at $0.08025 at press time.

SHIB/USD

SHIB is more of a loser than DOGE, going down by 9.84%.

SHIB/USD chart by Trading View

Despite a sharp decline, the price of SHIB remains above the important level of $0.00001111. If buyers can hold this mark, the growth may continue to $0.00001150 by the end of the month.

SHIB is trading at $0.00001122 at press time.

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