At least two traders have confirmed their bearish bias for YFI, a token that represents the year’s most popular decentralized finance project, yearn.finance. The pseudonymous entities noted that YFI/USD’s recent price moves made a so-called Head and Shoulder Pattern. So it appears, the pair formed three peaks atop a single baseline-like support level. The middle…
Yearn.finance (YFI) remains in an advantageous position despite its strong correction from local highs, analysts say. Like Bitcoin, Ethereum, and other top digital assets, YFI has faced a strong retracement over recent days as legacy markets have been crushed by a rising dollar. The decentralized finance coin has been hit especially hard, actually. Check out…
Yearn.finance’s embattled YFI governance token has been caught within a relentless downturn as of late that has been induced by immense sell-side pressure, a fragmented community and declining protocol value. The culmination of these various bearish factors has led analysts to expect significantly further downside in the near-term. One trader is now noting that a…
In what has to be one of the fastest turnarounds ever, Yearn.finance’s YFI token is being listed on Coinbase just two months after its launch. The leading decentralized finance coin, which is currently the only one with a market capitalization over $1 billion, was just revealed to have garnered a coveted Coinbase listing. On September…
YFI crashed towards $12,000 on Thursday and unconfirmed evidence shows that Sam Bankman-Fried was behind the plunge. A Weibo-based profile, operating under the pseudonym of “Crypto Apprentice,” published a string of screenshots that connected the FTX crypto exchange CEO with the YFI’s massive price meltdown. Per the images, Mr. Bankman-Fried deposited FTX’s native token FTT…
The DeFi sector is rallying today, with Yearn.finance’s YFI governance token leading this move with a massive rally that first came about yesterday after the crypto nosedived to lows of $7,500. The support at this level was significant. After tapping this liquidity region, the rally seen catalyzed a cascade of liquidations of YFI short positions…
Yearn.finance’s YFI token saw a sharp capitulatory decline overnight that caused it to post some massive losses. This decline briefly sent it below $10,000, which is a level that had not been broken below since weeks before its parabolic move to $45,000 started. This decline has come about amidst a capitulatory bout of panic selling…
Yearn.Finance continues to defy all other DeFi tokens and gravity itself with its unstoppable rise to stardom. The crypto token has bounced over 15% from its local bottom, but a fractal playing out could send YFI flying high to another new record. Yearn.Finance Flips Support As Resistance, Readies Another Rally In technical analysis, there isn’t…
An overnight pump that pushed popular decentralized finance token, YFI, up by 23 percent, has entered a bull trap. The Yearn Finance governance cryptocurrency fell 10 percent this Friday from its intraday top at $36,043. Its plunge appeared as a part of formal downside correction that typically follows price rallies. Traders apprehensively bought spot YFI…
Yearn.finance (YFI), one of the hottest crypto assets in the Ethereum decentralized finance space, has seen an extreme price performance in the past day. The asset has gained approximately 30% in the past 24 hours as per data from Coin Market Cap. This is an outperformance of Bitcoin’s 1% gain and Ethereum’s 1.7% move higher.…