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DOGE and SHIB Price Analysis for January 22

Table of Contents

Cover image via U.Today

The correction of the cryptocurrency market might not have bitcoin finished yet, according to CoinStats. Top coins by CoinStats
DOGE/USD
DOGE is one of the biggest losers today, going down by 4.37%. Image by TradingView
On the daily chart, the price of DOGE is neither bearish nor bullish, as it is far from the key levels. Likewise, there are low chances to expect any sharp moves.
All in all, ongoing sideways trading in the area of $0.082-$0.086 is the more likely scenario for the next few days.
DOGE is trading at $0.084 at press time.
SHIB/USD
The rate of SHIB has declined by 4.29% since yesterday. Image by TradingView
The price of SHIB has once again approached the interim level of $0.09. If it breaks out, traders may witness a further decline to the nearest support zone of $0.085. Such a scenario is relevant until the end of the week.
SHIB is trading at $0.0000912 at press time.

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