Analyst Who Predicted Yearn.finance (YFI) Drop to $14k Thinks $12k Is Next
It’s been a tough past few weeks for the DeFi market, especially for coins like Yearn.finance’s YFI token and the Curve DAO Token. Since setting its all-time high price of $44,000, YFI has corrected by 70%, falling as low as $14,000 earlier today. An analyst that predicted the latest leg of the correction fears that […]
Related News
No traders may want to purchase Yearn Finance (YFI) after it plunges below $12,000, according to an independent analyst. The pseudonymous entity said in a tweet on Wednesday that the Yearn Finance’s native token “is dead” if it fails to hold above the said support level. In a separate tweet, he published an outlook that […]
Yearn.finance (YFI) has been one of the worst-performing assets over the past few weeks. As this outlet has reported, the coin has plunged in excess of 70% from its all-time high, as it reached lows of $12,000 after peaking at $44,000 just weeks ago. Sam Bankman-Fried, CEO of FTX, pinned the drop to three trends: […]
More warnings flashed for Yearn Finance’s governance token YFI even as it showed signs of recovering after an upside weekend session. Market analyst Teddy Cleps envisioned a waterfall-like trend for YFI/USD, noting that the pair is likely to continue trading lower with anticipations of bouncing back on every support-retest. He further hinted that price floors […]
As Bitcoin catches a break after exploding above $13,000 last week, it’s mid-cap rival Yearn Finance (YFI) is looking to rally higher. The prediction comes from a pseudonymous analyst on Twitter who expects a consolidating Bitcoin to disperse a portion of its bullish sentiment across the altcoin market. YFI, an alternative investment asset to Bitcoin […]
Yearn Finance’s governance token YFI was trading lower on Wednesday as its short-term charts warned about a growing bearish divergence. Yearn Finance's bearish divergence, as spotted by Calm Trader. Source: YFIUSD on TradingView.com The said oscillator, first spotted by a pseudonymous analyst, showed the YFI price moving upward against a falling Relative Strength Indicator. Traders […]