NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Yearn.finance (YFI) Shows Signs of Posting Local Top Following $40,000 Rejection

Cole Petersen
Cole Petersen
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Yearn.finance has been one of the strongest and fastest-growing DeFi protocols within the crypto market, which has been reflected in the price of the YFI governance token.

YFI has seen parabolic growth throughout the past few weeks and months, with the cryptocurrency rallying from well-under $1,000 just a couple of months ago to highs of nearly $40,000 that were set last night.

This intense parabolic momentum has come about as the protocol sees massive inflows of assets into its various pools.

Its fundamental growth has been reflected in the platform’s governance token’s price, which has seen explosive growth in recent weeks.

Analysts are noting that from a technical perspective, it appears that YFI is forming a local top, which may mean that some further downside is imminent following the massive overnight surge.

Yearn.finance Rallies to $40,000 Overnight

Yearn.finance is currently one of the largest decentralized finance protocols in the market, with the total value locked (TVL) within the platform rapidly approaching $1 billion.

The massive inflows of capital into the various pools supported by the protocol have driven this growth, with Yearn rapidly becoming the protocol of choice for so-called “yield farmers.”

One byproduct of this growth has been a parabolic rise in the price of the YFI governance token – which reached towards $40,000 overnight during an explosive parabolic upswing.

At the time of writing, YFI is trading up over 8% at its current price of $29,700. This marks a massive surge from weekly lows of under $12,000 that were set just a few days ago.

The dip to these lows came about after it had surged to highs of $17,000 a couple of weeks ago.

This decline proved to be fleeting, however, as YFI garnered massive momentum throughout the past few days that sent it surging up to highs of $40,000 overnight, which is where its uptrend lost its momentum.

From this point, the crypto slid to lows of $26,000 before it surged to highs of $32,500. It has since stabilized around its current price levels.

YFI May Be Forming a Local Top: Analyst

One analyst explained that the Yearn.finance governance token may be forming a local top due to the rejection at just below $40,000.

To support this notion, he explained that this decline had pushed it below its 20-day moving average.

“YFI 1 hour looks like local top is in, note the MA 20 violation.”

Yearn.finance YFI

Image Courtesy of Cheds. Chart via TradingView.

Although YFI’s uptrend may be a bit overheated in the short-term, its mounting dominance over the aggregated DeFi sector suggests that it has significant room for growth in the mid-term.

Featured image from Unsplash.
Charts and pricing data from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP Price Remains in Danger Zone

XRP Price Remains in Danger Zone – Is a Bigger Crash Coming?

XRP price is struggling to recover above the $2.850 zone. The price is now moving lower and might start another...

Aayush Jindal 2 hours ago
Ethereum Bulls on the Back Foot

Ethereum Bulls on the Back Foot – Can Momentum Return Soon?

Ethereum price started a fresh recovery wave above the $4,300 zone. ETH is still struggling to gain momentum and might...

Aayush Jindal 3 hours ago
Solana

Solana Futures Market Surges As Open Interest Hits Record Levels, A Rally Brewing?

Solana’s futures Open Interest (OI) has reached a new all-time high. This record level of activity highlights growing demand and...

Godspower Owie 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

cardano ada adausd

Cardano Price Prediction: ADA Bears Test Support, Bulls Eye $0.92 Breakout on Hoskinson Boost

James Halver 34 minutes ago
BNB Price Struggles Below $850

BNB Price Struggles Below $850 – Is Momentum Fading Fast?

Aayush Jindal 1 hour ago
Crypto news

Crypto Volatility Alert: Friday’s US Jobs Report Could Trigger Major Move

Jake Simmons 1 hour ago

Premium Sponsors

Press Releases

  • miner

    ALL4 Mining Upgrade Injects New Power into Cardano (ADA)...

    10 hours ago
  • Bitget and Bitget Wallet Support Trading of Over 100...

    13 hours ago
  • Анализатор прогнозира, че BTC ще достигне 125 000 USD този месец

    Анализатор прогнозира, че BTC ще...

    17 hours ago
  • Un analist prezice că BTC va atinge 125.000 USD luna aceasta – presale-ul HYPER se apropie de 14 milioane USD pentru modernizarea Bitcoin-ului

    Un analist prezice că BTC va atinge 125.000 USD luna...

    17 hours ago
  • Top Altcoins

    Presale tiền điện tử hot nhất tháng 9: Top 4...

    18 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.