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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

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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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