DOGE Bears targets a correction below $0.0690 with SHIB pulling back

The Chiba Inu (SHIB) coin was up 0.62% on Sunday. After gaining 0.37% on Saturday, SHIB stock ended the day at $0.00000812.

Tracking the broader market, SHIB stock fell to a mid-morning low of $0.00000799. After finding support at the first major support level (S1) at $0.00000799, SHIB rose to a late high of $0.00000814. However, when SHIB failed to reach the first major resistance level (R1) at $0.00000817, SHIB stock pulled back to end the day at $0.00000812.

DOGE and SHIB remain in the hands of Twitter and Shibarium updates

It’s been a quiet start to the year, as investors enter the new year. The lighter trading volumes left both DOGE and SHIB in relatively narrow ranges.

However, Twitter updates regarding plans to integrate DOGE on the payment platform and news of Shibarium’s upgrade remain the main drivers for DOGE and SHIB respectively.

DOGE has been struggling since Elon Musk’s Twitter poll, in which the community voted for Musk to resign. Since the project has been paused, there has been no talk about the timing of including cryptocurrencies in the payment platform. The lack of comments led to DOGE pulling back from its December high of $0.1118.

Rumors of DOGE switching to a proof-of-stake protocol contributed to the downside at the end of the year.

However, SHIB has found support, as investors expect the Shibarium upgrade in January.

Today, the lack of updates from the developers of Twitter and SHIB will leave DOGE and SHIB in the hands of the broader market. Lack of news will give the NASDAQ mini more leverage in the last hour (UTC).

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