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DOGE, SHIB and YFI Price Analysis for September 18

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Sat, 18/09/2021 - 16:25
DOGE, SHIB and YFI Price Analysis for September 18
Cover image via www.tradingview.com

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

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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.

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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.

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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%.

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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.

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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.

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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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