Analyst: If Yearn.finance (YFI) Surmounts $16,000, It Could Start a New Uptrend
Yearn.finance has seen a decent rebound from its recent lows set just a few days ago. Its ongoing upswing is coming about as Bitcoin and Ethereum consolidate, which indicates that it may be breaking its recent downtrend and beginning to navigate higher as many altcoins start catching some tailwinds created by BTC and ETH’s recent […]
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It has been a wild past few days and weeks for the Yearn.finance governance token. YFI bulls attempted to spark a strong uptrend earlier this week when they surmounted the $18,000 level, as this has long been a macro resistance level for the cryptocurrency. The break above this level was technically significant, which seems to […]
Yearn.finance’s YFI has been caught within the throes of an intense uptrend throughout the past few days, with its recent lows of $7,500 looking more and more like a long-term bottom as money keeps flowing into the altcoin market. In particular, DeFi tokens have seen immense strength throughout the past few days, with the blue-chip […]
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 […]
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 […]
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 […]