Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bulls are activated on the weekend as all of the top 10 coins are again in the green zone.
DOGE/USD
The rate of DOGE is almost unchanged since yesterday. The growth has made up 0.56% over the past 24 hours.
From the technical point of view, DOGE is located in a wide range accumulating power for a further price blast. It is confirmed by a low trading volume, which means that the altcoin is not ready yet for a big move.
Bulls will seize the initiative when DOGE comes back to the resistance at $0.2612.
DOGE is trading at $0.2435 at press time.
YFI/USD
yearn.finance (YFI) is the biggest gainer from our list today, with a rise of for 2.53%.
YFI is trading similarly to DOGE as it is also located in the range between the support at $32,179 and the resistance at $37,712. At the moment, the price is located closer to the support which means that bears are more powerful than bulls. Respectively, the breakout of the support may lead to a sharp dump to the zone around $30,000.
YFI is trading at $34,079 at press time.
SHIB/USD
SHIB is the main loser today as the rate of the altcoin has fallen by 5% since yesterday.
SHIB made a false breakout of the resistance at 948 satoshi. Currently, neither bulls nor bears are dominating the situation, which means that sideways trading is relevant.
The bullish scenario may come into force when the daily candle fixes above the blue support line.
SHIB is trading at 793 satoshi at press time.
Godfrey Benjamin
Arman Shirinyan
Dan Burgin
Alex Dovbnya
Vladislav Sopov