DOGE and SHIB Price Analysis for January 22

The market is facing a slight correction on the last day of the week.

DOGE/USD

The price of DOGE has fallen by 1.04% over the last 24 hours.

On the daily chart, DOGE remains bullish despite the local decline. If today’s candle closes above the $0.086 mark, there is a chance to see a test of the resistance at $0.08833 next week.

In addition, the selling volume is going down, confirming bears’ weakness.

DOGE is trading at $0.08619 at press time.

SHIB/USD

Unlike DOGE, the price of SHIB has gone up by 0.12%.

From a technical point of view, SHIB is trading similarly to DOGE even though the rate is far away from the key levels. However, if the bar fixes above the $0.00001250 mark, growth to the resistance at $0.00001294 may happen on the first days of the upcoming week.

SHIB is trading at $0.00001214 at press time.

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