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DOGE and SHIB Price Analysis for January 8

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Sun, 8/01/2023 - 14:00
DOGE and SHIB Price Analysis for January 8
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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The last day of the week is more bullish than bearish for most of the coins.

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Top coins by CoinMarketCap

DOGE/USD

DOGE could not follow the rise of other altcoins, falling by 0.46%.

DOGE/USD chart byTradingView

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.

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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.

SHIB/USD chart by TradingView

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.

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