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

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) 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) 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.

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