BTC, DOGE and SHIB Price Analysis for January 25
Bulls try to keep the initiative won as all top 10 coins stay in the green zone.
Yesterday morning, the decline in Bitcoin (BTC) price continued to a new low in January. The bears failed to test the $32,500 support, so the low ended around $32,950.
In the afternoon, the price recovered to the area of average prices, and late at night, buyers tested the $37,149 level. Overnight buying volumes fell and the pair failed to consolidate above the two-hour EMA55.
This morning, the $36,000 level is holding the price of a deep pullback and buyers will look to continue the recovery to gain a foothold above the EMA55 moving average. In this case, the daily high can be expected near $38,600.
Bitcoin is trading at $36,765 at the time of writing.
DOGE is the biggest winner of the list today as the price of the meme coin has increased by almost 10%.
DOGE has successfully pushed out the USD 0.1310 support, confirming the bulls’ strength to hold this level. If they can hold onto DOGE’s gains, the price could reach the zone of most liquidity around $0.20. However, such a scenario could occur in early February 2022.
DOGE is trading at $0.1392 at the time of writing.
SHIB has been tracking the rise of DOGE and is up 8.73% since yesterday.
SHIB is trading similarly to DOGE as the price is also above the support at $0.00001947. Sales volume is decreasing, meaning bears are using their energy to further the decline.
In this case, there are chances of a consolidation around $0.000020 followed by a slight increase.
SHIB is trading at $0.00002094 at the time of writing.