Yearn.finance (YFI) Bulls Extend Gains Beyond the $9,000 Resistance Level

Updated:

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.



YFI has extended yesterday’s profit to record an impressive 11.38% movement on the upside. Consequently, this has caused the crypto price to break the $9,000 barrier and is now worth $9,212. Let’s further examine the signs that are still present in this market for more insight into future price moves.

Yearn.finance Analysis Data:
YFI value now: $9,212
YFI market cap: $347,524,617
Yearn. finance moving supply: 36,637.72
Yearn.finance Supply: 36.666
YFI Coinmarketcap ranking: #123

Major Price Levels:
Top: $9,212, $9,424 $9,600
Base: $9,000, $8,800 $8,600

Yearn.finance (YFI) Bulls Extend Gains Beyond the $9,000 Resistance Level

Yearn.finance (YFI) Price Action Pokes through the $9,000 mark to Seek Support Above it

YFI/USD price action eventually made it across $9,000 on the daily chart. The market indicators continue to point to the possibility of further price increases. The current price of the Yearn.finance cryptocurrency stays above the uppermost limit of the Bollinger Bands. Also, the RSI curves keep reaching for the overbought region and are now at the 100 and 88 levels of the indicator. Similarly, the MACD indicator continues to show an increase in upside momentum. This could be seen as the lines continuing to rise upward after a bullish crossover. The indicator’s histogram bars can be seen growing taller and appearing green. All the available signs here are pointing to the fact that YFI price action stays in pursuit of a higher price level.

Yearn.finance (YFI) Bulls Extend Gains Beyond the $9,000 Resistance Level

Yearn.finance (YFI) Price Action Now Eyes the $9,600 Level

YFI price action proceeds in the upside direction without a sign of weakness for the fourth consecutive session on the 4-hour market. Also, trading indicators continue to portray a further increase in upside momentum in this market. The MACD indicator lines have increased their pace towards the upside. This could be seen as its lines suddenly regained their upside path. Also, the bars of this indicator have changed color from pale to vivid green, which indicates that the upside strength is stronger now. Also, the RSI indicator lines have started moving upwards towards the overbought region, and are now at the 83 and 71 marks. In conclusion, traders can see that market signs here stay positive, and price action stays in pursuit of the $9,600 mark.

Buy Yearn.finamce eToro

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • 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
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 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.