DOGE, SHIB, BONK and WIF Price Analysis for January 24

The market might have found a local bottom, as the rates of some coins have bounced off.

DOGE/USD

The rate of DOGE has risen by 4% over the last 24 hours.

Despite today’s rise, it is too early to think about a midterm rise due to a lack of energy. If buyers can hold the price above the vital zone of $0.08, traders can expect sideways trading in the range of $0.080-$0.085 until the end of the week.

DOGE is trading at $0.080 at press time.

SHIB/USD

SHIB has followed the growth of DOGE, going up by 4.80%.

From the technical point of view, SHIB is trading similarly to DOGE. The price has bounced off the support level, however, and is still far from the resistance. As none of the sides has seized the initiative yet, consolidation in the area of $0.00000860-$0.00000940 is the more likely scenario for the next few days.

SHIB is trading at $0.00000894 at press time.

BONK/USD

The rate of BONK has outperformed DOGE and SHIB, rocketing by 8.61%.

On the daily chart, the price of BONK has almost touched the support of $0.000009246. If the bar closes far from it, one can expect further local growth to the $0.000012 area.

BONK is trading at $0.00001087 at press time.

WIF/USD

WIF is the biggest gainer from the list today, going up by 39%.

Despite today’s price blast, the rate of WIF is far from its peak. In this case, there are low chances of seeing the same sharp rise tomorrow. In this regard, sideways trading between $0.30 and $0.35 is the more likely scenario for the next few days.

WIF is trading at $0.3133 at press time.

Source