DOGEIndustry AnalysisNEARNewsSHIB

DOGE and SHIB Price Analysis for January 8

1 Mins read

Most of the coins are falling today; however, the top ones are exceptions to this rule.

Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE has declined by 2.22% over the last day.

Image by TradingView

On the daily chart, the price of DOGE has made a false breakout of the support level. 

If the candle closes near the $0.08 zone, buyers have the chance to get back in the game, which might lead to a further rise to the $0.085 zone.

DOGE is trading at $0.0788 at press time.

SHIB/USD

SHIB is more of a loser than DOGE as its rate has decreased by almost 4% since yesterday.

Image by TradingView

From the technical point of view, SHIB is looking worse than DOGE as it is far from the key levels. In this case, ongoing sideways trading in the area of $0.000009-$0.00000950 is the more likely scenario for the next few days.

SHIB is trading at $0.00000921 at press time.

Source

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Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
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