YFI BTC yearn.finance Technical Analysis

yearn.finance logo In this yearn.finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for YFI-BTC. Here are three sentences about yearn.finance (YFI) cryptocurrency: Yearn.finance (YFI) is a decentralized finance (DeFi) protocol that aims to provide users with a suite of tools to manage their digital assets more effectively. YFI’s primary goal is to make DeFi more accessible and user-friendly, allowing individuals to participate in various financial activities such as lending, borrowing, and trading without the need for intermediaries. By leveraging blockchain technology and smart contracts, yearn.finance seeks to create a more transparent and secure financial system that is open to everyone.

yearn.finance Price Overview:

As of October 02, 2023, yearn.finance is trading at approximately 0.1896 BTC. Let’s dive into the detailed price action for YFI-BTC:

Metric Value
Open (O) 0.1989
High (H) 0.199
Low (L) 0.1873
Close (C) 0.1896
Volume (C) 10.66
  • Open (O): The opening price for today’s trading session was approximately 0.1989 BTC.
  • High (H): yearn.finance reached a daily high of around 0.199 BTC.
  • Low (L): The daily low for YFI-BTC was approximately 0.1873 BTC.
  • Close (C): At the time of analysis, yearn.finance is trading near its daily close of 0.1896 BTC.
Metric Value
1D Change (%) -4.77%
3D Change (%) -1.86%
7D Change (%) -4.58%
30D Change (%) -10.27%
90D Change (%) -16.70%
YTD Change (%) -38.36%

Over the past three days, YFIBTC has dropped by approximately -1.86%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -4.58%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with YFIBTC maintaining a downward trend of approximately -10.27%, despite intermittent fluctuations. Examining the last 90 days, YFIBTC has witnessed substantial decrease of approximately -16.70%, reflecting strong long-term confidence. Year-to-date, YFIBTC has steadily dropped by around -38.36%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

yearn.finance Live Chart:

You can access a live price chart for YFI-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.24732.
  • Momentum score is -0.1027.

YFI BTC Technical Analysis

yearn.finance Trading Volume:

The trading volume for yearn.finance (YFI) over the past 24 hours has been significant, with approximately 10.66 BTC traded against YFI. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): YFI is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): yearn.finance is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for YFI-BTC is currently in the low zone, around 40.03819. This suggests that yearn.finance is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

yearn.finance (YFI-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.