In this yearn.finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for YFI-USDT. Yearn.finance (YFI) is a decentralized finance (DeFi) protocol that enables users to earn yield on their digital assets without the need for traditional financial intermediaries. YFI’s innovative approach to lending and borrowing has captured the attention of investors and traders alike, driving its popularity and adoption in the DeFi space. With a strong focus on security, transparency, and community governance, YFI is well-positioned to continue leading the charge in the rapidly evolving world of decentralized finance.
yearn.finance Price Overview:
As of July 07, 2024, yearn.finance is trading at approximately 5886.0 USDT. Let’s dive into the detailed price action for YFI-USDT:
| Metric | Value |
|---|---|
| Open (O) | 6178.0 |
| High (H) | 6178.0 |
| Low (L) | 5818.0 |
| Close (C) | 5886.0 |
| Volume (C) | 202.02 |
- Open (O): The opening price for today’s trading session was approximately 6178.0 USDT.
- High (H): yearn.finance reached a daily high of around 6178.0 USDT.
- Low (L): The daily low for YFI-USDT was approximately 5818.0 USDT.
- Close (C): At the time of analysis, yearn.finance is trading near its daily close of 5886.0 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.77% |
| 3D Change (%) | 1.26% |
| 7D Change (%) | -7.86% |
| 30D Change (%) | -11.02% |
| 90D Change (%) | -31.85% |
| YTD Change (%) | -27.14% |
Over the past three days, YFIUSDT has increased by approximately 1.26%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -7.86%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with YFIUSDT maintaining a downward trend of approximately -11.02%, despite intermittent fluctuations. Examining the last 90 days, YFIUSDT has witnessed substantial decline of approximately -31.85%, reflecting strong long-term confidence. Year-to-date, YFIUSDT has steadily declined by around -27.14%, 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-USDT 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 0.61382.
- Momentum score is -0.05552.
YFI USDT Technical Analysis
yearn.finance Trading Volume:
The trading volume for yearn.finance (YFI) over the past 24 hours has been insignificant, with approximately 202.02 USDT 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-USDT is currently in the low zone, around 43.3091. This suggests that yearn.finance is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
yearn.finance (YFI-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
yearn.finance (YFIUSDT) faces challenges, trading at 5886.00 USDT, as technical analysis signals weakened support and cautionary indicators.
Missing our detailed breakdown on YFI BTC yearn.finance Technical Analysis would be a lost opportunity if you found value in this post.
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.