BTC, DOGE and SHIB Price Analysis for January 29
Most coins have returned to the bullish trend by the start of the weekend.
BTC/USD
Bitcoin (BTC) started the weekend with sustained growth, rising 3.24%.
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%.
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.
