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DOGE and SHIB Price Analysis for January 8

Sun, 01/08/2023 - 14:00
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Denys Serhiichuk
Can DOGE and SHIB rise against neutral market?
DOGE and SHIB Price Analysis for January 8
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The last day of the week is more bullish than bearish for most of the coins.

Top coins by CoinMarketCap


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.

TRX Price Analysis for January 6

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 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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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at