DOGE and SHIB Price Analysis for January 8

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DOGE and SHIB Price Analysis for January 8

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

DOGE and SHIB Price Analysis for January 8

DOGE/USD

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

DOGE and SHIB Price Analysis for January 8

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.

DOGE and SHIB Price Analysis for January 8

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.

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