The last two weeks in the YFII market have not been traditionally "green" and pleasant for investors. After breaking the <a href="https://www.cryptoknowmics.com/news/dfi-money-yfii-technical-analysis-the-price-can-go-up-to-5540/">upper limit</a> of the $3350-$3650 consolidation, buyers failed to encourage other market participants to passionately buy DFI.Money.

<img class="alignnone" src="https://s3.tradingview.com/snapshots/7/7q2zFG1z.png" alt="DFI.Money" width="1380" height="809" />

<a href="https://www.tradingview.com/x/7q2zFG1z/">https://www.tradingview.com/x/7q2zFG1z/</a>

Though, the maximum that buyers have managed to do is set the local high at $4766. And this is a good result, given the trading volumes in recent years. Therefore, as comical as it may sound, after breaking the global consolidation, the YFII market participants formed a new consolidation. The target of the new local consolidation is to firmly fix above the $3350-$3650 range and gather enough strength to continue growing with the final target of $5540. In the previous analysis, we wrote about this target.
<h2>DFI.Money (YFII) token Technical Analysis On The Daily Timeframe</h2>
<img src="https://s3.tradingview.com/snapshots/e/EmVnSp20.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/EmVnSp20/">https://www.tradingview.com/x/EmVnSp20/</a>

By the way, the main forces of sellers are currently above the mark of $4756. And this mark serves as the upper limit of the newly formed <a href="https://www.cryptoknowmics.com/news/defichain-dfi-price-prediction-2021-2025-will-dfi-reach-5-mark-by-2021/">consolidation.</a> Yesterday's attempt by buyers to break this mark provoked the aggression of sellers and started a new local wave of decline.

Analyzing YFII crypto on the daily timeframe, the weakness of buyers on 18 August catches the eye. The YFII coin price approaching the range of $3350-$3650 did not feel strong resistance and the desire of buyers to actively buy. Due to the positive situation in the crypto market on this day, buyers managed to keep a critical range under their control. However, this test happened within the local attack of buyers.

Now, after "sellers’ awakening» by the test, the mark of $4756 will show the true picture of buyers’ strength in the range of $3350-$3650. By keeping this range on the daily timeframe, buyers will signal the continued growth of the DFI.money token with a target of $5540.
<h2>The YFIIBTC Price Is Being Prepared For 25% Correction</h2>
YFII technical analysis in pair to Bitcoin shows us a high probability of price correction by 25-30%:

<img src="https://s3.tradingview.com/snapshots/z/zYpPMcw1.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/zYpPMcw1/">https://www.tradingview.com/x/zYpPMcw1/</a>

So, buyers failed to firmly fix in the range of 0.086-0.093. The nearest liquidity zone from which we can safely buy YFII in pair to BTC is in the range of 0.063-0.065. In order not to allow sellers to take a local initiative in the DFI.Money market, buyers must at least form a consolidation in the range of 0.086-0.093. Then consider buying DFI.Money tokens from current prices will be much more comfortable.

DFI.Money Technical Analysis: The Fundamental Range of $3350-$3650 is in Danger

In the technical analysis, after breaking the upper limit of $3350-$3650 consolidation. Buyers failed to encourage other market participants to buy DFI.Money.

Peter came to know about cryptocurrencies in 2017 and was instantly enamoured by their massive potential. As he gained more insights about the crypto market, he began writing about it. Peter's daily activity is analysis and forecasting, studying the price movements probabilities, and trying to understand the market inside. He is glad to witness such a phenomenon as cryptocurrency and decentralized finance, and to participate in it.

DFI.Money Technical Analysis: The Fundamental Range of $3350-$3650 is in Danger

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