The Yearn.finance price prediction shows YFI could renew the bullish trend after crossing above the moving averages.
Yearn.finance Prediction Statistics Data:
- Yearn.finance price now – $9819
- Yearn.finance market cap – $359 million
- Yearn.finance circulating supply – 36.6 million
- Yearn.finance total supply – 36,666 thousand
- Yearn.finance Coinmarketcap ranking – #91
Resistance levels: $13,000, $14,000, $15,000
Support levels: $7400, $6400, $5400
Your capital is at risk
YFI/USD regains ground and touches the daily high at $10,466 during the European session today. The Yearn.finance price is currently changing hands at $9819.78 and despite the recovery, the coin is retreating back towards the 9-day and 21-day moving averages.
Yearn.finance Price Moves to the Upside, Buy Tamadoge Now
According to the daily chart, the Yearn.finance price is moving towards the resistance level of $10,000 as the initial move towards the upper boundary of the channel could boost the price further up. The Yearn.finance (YFI) hits the daily high at $10,466 before retreating to where it is currently trading. Looking at it from above, more bullish movements may come into play if the Yearn.finance price stays above the moving averages as the nearest resistance level could be found at $11,000.
However, traders can see that the daily movement remains in the hands of the bulls as the technical indicator Relative Strength Index (14) remains above 50-level, building on the consistent recovery from the downside. Meanwhile, a break towards the 60-level could push the coin to the resistance levels of $13,000, $14,000, and $15,000 while a drop below the lower boundary of the channel may lead the coin to the supports of $7400, $6400, and $5400 respectively.
Against Bitcoin, the Yearn.finance price is seen moving above the 9-day and 21-day moving averages. After the coin touches the daily high at 5220 SAT today, the coin now retreating to where it is currently trading at 4938 SAT. Meanwhile, the coin is likely to embark on a bullish movement as buyers may step back into the market.
Moreover, should the sellers return to the market, the Yearn.finance price may hit the support at 4000 SAT and below. At the moment, the technical indicator Relative Strength Index (14) is moving to cross above the 70-level while the resistance level could be located at $6000 and above.
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