BTC, DOGE and SHIB Price Analysis for January 29


Most coins have returned to the bullish trend by the start of the weekend.

Top Coins from CoinMarketCap

BTC/USD

Bitcoin (BTC) started the weekend with sustained growth, rising 3.24%.

BTC/USD Chart by TradingView

On the daily chart, Bitcoin (BTC) is returning to the recently formed $38,050 local resistance level against declining trading volume. If bulls can break through and fix above, there are high chances of seeing a test of the zone around $40,000 next week.

Bitcoin is trading at $37,837 at the time of writing.

DOGE/USD

DOGE follows the rise of Bitcoin (BTC) and is up 2.36%.

DOGE/USD Chart by TradingView

Despite today’s gains, DOGE’s price in the channel continues to trade between the support at $0.1310 and the resistance at $0.1506. In this case, neither bulls nor bears dominate while the meme coin trades sideways. However, if the price slightly approaches $0.1506, one can expect a bullish trend reversal.

DOGE is trading at $0.1426 at the time of writing.

SHIB/USD

SHIB is no exception to the rule and is up nearly 3% in the last 24 hours.

SHIB/USD Chart by Trading View

Technically, SHIB trades the same as DOGE as the price is in the middle of the channel. Currently, one should pay close attention to the support and resistance levels. If bulls are unable to break above the $0.000020 zone, there is an opportunity to see the resistance retest soon.

SHIB is trading at $0.00002154 at time of going to press.

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