yearn.finance (YFI) Accumulates a 1.70% Price Increase

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more

Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.



As of today, the YFI/USD market has recorded a price increase of 1.70%. This has caused price action in this market to retrace upwards from around $8,100 to $8,374. Also, trading indicators are hinting that more increases may be witnessed in this market, even as trading continues.

yearn.finance Analysis Data
yearn.finance Value Now: $8,374
YFI Protocol Market Cap: $276,625,075
YFI Moving Supply: 32,969.29
yearn.finance Total Supply: 36,647.71
yearn.finance CoinMarketCap Ranking: 128

Major Price Levels:
Top: $8,374, $8,400, and $8,450
Base: $8,324, $8,280, and $8,214

yearn.finance (YFI) Accumulates a 1.70% Price Increase

yearn.finance (YFI) Price Action Smoothly Bounces Off Support Level

yearn.finance price activity has started retracing upwards, after testing support at the $8,103 price mark. Furthermore, there are indications that traders may witness more moves as another bullish candle appears following this bounce. Meanwhile, an upside crossover has been achieved on the Relative Strength Index (RSI) indicator. At the same time, the Moving Average Convergence Divergence indicator (MACD) is hinting at the fact that downward forces are growing weaker. The last bar on this indicator is now pale red in appearance, and this suggests that downward forces are growing weaker. Consequently, this may lead to more upside retracements.

yearn.finance (YFI) Accumulates a 1.70% Price Increase

yearn.finance (YFI) Eyes Breaking Resistance at $8,500

Coming to the YFI/USD 4-hour market, we can see that it is gradually advancing toward the $8,400 mark. The last price candle here indicated that moderate buying is currently ongoing in this market. Observing trading indicators, it appears as if more upside movement is on the way. The RSI indicator lines have risen into the overbought region. The distance between the two lines portrays the magnitude of buying pressure. Additionally, the MACD indicator curves have also started to steadily show that bulls are still active, although with less vigor, judging by the size of the histogram bars. Therefore, traders can expect yearn.finance price action to at least attain the $8,500 price level.

Buy YFI on eToro

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *