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DOGE, SHIB and YFI Price Analysis for September 18

Price Predictions
Sat, 09/18/2021 - 16:25
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Denys Serhiichuk
Has the time arrived for altcoins to start rising faster than Bitcoin (BTC)?
DOGE, SHIB and YFI Price Analysis for September 18
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Bulls are activated on the weekend as all of the top 10 coins are again in the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE is almost unchanged since yesterday. The growth has made up 0.56% over the past 24 hours.

DOGE/USD chart by Trading View
DOGE/USD chart by Trading View

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.

Related
BTC, ADA and BNB Price Analysis for September 15

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/USD chart by TradingView
YFI/USD chart by TradingView

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/USD chart by TradingView
SHIB/USD chart by TradingView

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.

Related
BTC, ADA and BNB Price Analysis for September 13

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.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.