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  Cover image via <a href="https://u.today/">U.Today</a>
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<p>A correction continues on the cryptrocurrency market, according to <a href="https://u.today/xrp-price-analysis-for-january-31-1">CoinMarketCap</a>.</p>
<img data-entity-type="file" data-entity-uuid="e179fbbc-08a2-413a-b03d-b0ab3e28e024" src="https://u.today/sites/default/files/inline-images/top10_915.png">Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a>
<h2 class="text-align-justify" id="doge-usd">DOGE/USD</h2>
<p class="text-align-justify">The rate of DOGE has declined by 0.57% over the past 24 hours.</p>
<img data-entity-type="file" data-entity-uuid="90954df5-0efe-4e83-b27e-0879ccbf8d9d" src="https://u.today/sites/default/files/inline-images/doge_225.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/DOGEUSDT">TradingView</a>
<p>Today's move of DOGE has not affected the overall technical picture on the daily chart. The situation remains rather more bearish than bullish as the price is near the support level.&nbsp;</p>
<p>If buyers cannot seize the initiative shortly, one can expect a breakout to the $0.07 zone.</p>
<p>DOGE is trading at $0.07864 at press time.</p>
<h2 class="text-align-justify" id="shib-usd">SHIB/USD</h2>
<p class="text-align-justify">SHIB has lost more than DOGE, going down by 1.67%.</p>
<img data-entity-type="file" data-entity-uuid="0e414bef-5bfc-4aef-b926-2967ef8ea028" src="https://u.today/sites/default/files/inline-images/shib_196.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SHIBUSDT">TradingView</a>
<p>On the daily time frame, SHIB is trading similarly to DOGE. The rate is far from the support, which means that the altcoin needs time to accumulate energy for a further move. In this case, sideways trading in the range of $0.00000870-$0.0000090 is the more likely scenario until the end of the week.</p>
<p>SHIB is trading at $0.00000891 at press time.</p>

DOGE and SHIB Price Analysis for February 1

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