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: BNB Reaches New All-Time High Of $956 As Binance Nears Deal With US DOJ
  • 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: BNB Reaches New All-Time High Of $956 As Binance Nears Deal With US DOJ

Yearn.finance Could Confirm a Mid-Term Bottom if It Does These 2 Things

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’s governance token – YFI – has erased a significant portion of its recent gains throughout the past few weeks, with relentless selling pressure coming about due to various factors.

Heightened “founder’s risk,” a fragmented community, and low yields for the ecosystem’s yVaults have been degrading the value of the YFI token.

News of a major crypto fund investing $5 million into the YFI token did provide its price with a serious boost yesterday. However, it is important to note that this is only a small percentage of the fund’s total AUM.

It has been able to hold onto the majority of its recent gains, and its price is showing continued signs of strength as it consolidates around $15,000.

Its short-term uptrend may be bolstered by the significant push higher seen by both Bitcoin and Ethereum today.

One analyst is now noting that there are two things he is closely watching for before flipping macro long on the Yearn.finance token.

He claims that until YFI can retrace and bounce at a key trendline, it could still be on track to reel to below $10,000.

Yearn.finance’s YFI Stabilizes as Crypto Market Trends Higher

At the time of writing, Yearn.finance’s YFI is trading down less than 2% at its current price of $15,000. This is around where it has been trading throughout the past day.

Late last week, its price plunged to $13,000 before news broke regarding Polychain’s $5m allocation to YFI – making them one of the token’s largest holders.

This boosted investor confidence in the project and sent its price surging towards $16,000.

It has since retraced from its daily highs but is looking stable as the aggregated crypto market trends higher.

Here are the 2 Things YFI Must Do Before Breaking Its Downtrend

One analyst shared that he is closely watching for Yearn.finance to do 2 things before flips long.

He specifically notes that YFI must retrace and then post a rebound at a key trendline that exists just below where it is currently trading.

“About to become a DeFi maximalist, but not just yet… Waiting for: 1. Retrace 2. Buying contact with resistance (hopefully new support). Invalidation back below dotted line. Patience is key, no need to rush this,” he said.

Yearn.finance YFI

Image Courtesy of Teddy. Source: YFIUSD on TradingView.

As seen in the above chart, if YFI loses its momentum and breaks below its descending trendline, a move towards $6,000 could be imminent.

Featured image from Unsplash.
Charts 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

maxi-doge-rival-bonk-staking-150-apy

Maxi Doge nouveau rival de Bonk : rendement staking au-dessus de 150 % APY

Les meme coins reviennent sur le devant de la scène. Maxi Doge ($MAXI) s’invite au premier plan avec un staking...

guillaumev 6 hours ago
rallye-solana-previsions-prix-septembre-2025

Rallye du Solana : jusqu’où peut aller le prix en septembre 2025 ?

Solana a repris de la vitesse et attire de nouveau la liquidité. Les volumes on-chain progressent, la TVL grimpe vers...

guillaumev 6 hours ago
Ethereum

This Is The Key Level That Stands Between The Ethereum Price And A Surge To $5,000

The Ethereum price has been in a crucial consolidation phase, with analysts closely watching the next big move. After reclaiming...

Scott Matherson 8 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

Ethereum

Ethereum’s Pullback Complete? ETH Set Eyes On 77% Breakout Run

Godspower Owie 1 hour ago
Altcoin

Expert Says ‘The Time Has Come’, What Could Drive The Next Explosive Altcoin Season

Scott Matherson 2 hours ago
solana sol solusd

Solana Treasury Trend Accelerates: Pantera’s Helius Push Holdings Past $3B

James Halver 3 hours ago

Premium Sponsors

Press Releases

  • Trh s kryptoměnami se zahřívá: Bitcoin Hyper (HYPER), Wall Street Pepe (WEPE), Maxi Doge (MAXI) a PepeNode ve hře

    Trh s kryptoměnami se zahřívá: Bitcoin Hyper (HYPER)...

    3 hours ago
  • 3 nízko-kapitálové altcoiny, které zažívají masivní akumulaci během altcoin sezóny

    3 nízko-kapitálové altcoiny, které zažívají masivní...

    3 hours ago
  • A legjobb altcoinok, amiket érdemes megvenni, ahogy a Solana ára megközelíti történelmi csúcsát

    A legjobb altcoinok, amiket érdemes megvenni, ahogy a...

    4 hours ago
  • Masivní spalování tokenů pokračuje u Wall Street Pepe...

    4 hours ago
  • Najlepsze altcoiny do kupienia, gdy cena Solany zbliża się do historycznego szczytu

    Najlepsze altcoiny do kupienia, gdy cena Solany zbliża...

    4 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.