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DOGE and SHIB Price Analysis for January 22

Sun, 01/22/2023 - 14:16
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Denys Serhiichuk
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DOGE and SHIB Price Analysis for January 22
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The market is facing a slight correction on the last day of the week.

Top coins by CoinMarketCap


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

DOGE/USD chart byTradingView

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.

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

DOGE is trading at $0.08619 at press time.


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

SHIB/USD chart by TradingView

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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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