DOGE and SHIB Price Analysis for January 27 - U.Today

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The weekend has started with a bounce back on the cryptocurrency market, according to CoinMarketCap.

DOGE/USD

The rate of DOGE has increased by 0.47% over the last 24 hours.

On the daily chart, the price of DOGE keeps trading sideways as neither side has seized the initiative yet. The falling volume confirms such a statement.

In this case, ongoing consolidation in the area of $0.077-$0.082 is the more likely scenario for the next days.

DOGE is trading at $0.07964 at press time.

SHIB/USD

SHIB has followed DOGE, going up by 0.29%.

Image by TradingView

From the technical point of view, SHIB is trading similarly to DOGE as neither buyers nor sellers are dominating. Respectively, one should not expect any sharp moves soon. All in all, sideways trading around $0.000009 is the more likely scenario.

SHIB is trading at $0.00000906 at press time.

About the author

Denys Serhiichuk

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 denys.serhiichuk@u.today.

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