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: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • 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: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Yearn Finance (YFI) Rally Pauses on “Bearish Divergence” Worries; What’s Next?

Yashu Gola
Yashu Gola
4 years ago
3 mins read
Yearn Finance, YFI, YFIUSD, YFIBTC, DeFi, Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

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 was trading lower on Wednesday as its short-term charts warned about a growing bearish divergence.

Yearn Finance, YFI, YFIUSD, YFIBTC, cryptocurrency, DeFi
Yearn Finance’s bearish divergence, as spotted by Calm Trader. Source: YFIUSD on TradingView.com
Yearn Finance's bearish divergence, as spotted by Calm Trader. Source: YFIUSD on TradingView.com

The said oscillator, first spotted by a pseudonymous analyst, showed the YFI price moving upward against a falling Relative Strength Indicator. Traders agree that a deviation between a bullish price and a bearish momentum typically leads to downtrends. The analyst built his bearish analogy on the same cue.

“This bearish divergence is a barrier to hold the swing trade [from $15,300 to $18,000] anymore,” he stated. “[I am] closing the trade.”

The Bitcoin Factor

The comments also came as YFI/USD rejected an uptrend above $19,250 during the Wednesday session’s early hours. The pair fell prey to growing selling sentiment near the said level. It effectively corrected lower by almost $2,000, plunging by as much as 10 percent into the European session.

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT
Bitcoin inches back towards $16,000. Source: BTCUSD on TradingView.com
Bitcoin inches back towards $16,000. Source: BTCUSD on TradingView.com

The correction further coincided with a recovery in the Bitcoin price. BTC/USD ascended by as much as $403, or 2.64 percent, just as the YFI/USD slipped. The proximity between the two events showed a short-term inverse correlation between Bitcoin and the Yearn Finance token.

The flagship cryptocurrency gained an edge against almost every leading altcoin, according to the 24-hour adjusted readings fetched by Messari. It showed that the capital sitting in altcoins was shifting back into the Bitcoin market.

Yearn Finance, YFI, YFIUSD, YFIBTC, cryptocurrency, DeFi, Bitcoin, BTCUSD, BTCUSDT
Bitcoin performance against top altcoins in the last 24 hours. Source: Messari
Bitcoin performance against top altcoins in the last 24 hours. Source: Messari

BTC/USD itself faced the prospects of hitting bears as it attempts to close above $16,000. If it fails to do so, traders might end up selling it at a local high to seek shelter in altcoins – all over again.

Yearn Finance Outlook

As the altcoin-Bitcoin correlation looms over the YFI uptrend, the latest report shows that Yearn Finance has more reasons to grow its market capitalization other than its correlation with a consolidating/bearish flagship cryptocurrency.

Data service IntoTheBlock suggested that institutional investors fueled the YFI’s latest price rally. It presented evidence in the form of large transaction volumes. They grew from $34.93 million on November 3 to $133.72 million as of November 10.

“YFI has benefited from [institutional money], as the crypto-asset is up [by] 86% over the last 7 days,” stated IntoTheBlock. “By tracking on-chain TRX >$100k, we can confirm that they have increased by 282% in the same period, reaching $133.72m yesterday.”

An analyst targeted a $20,000 short-term valuation for the Yearn Finance token based on its technical outlook. He had spotted YFI/USD in a bullish continuation pattern confirmed by a Symmetrical Triangle.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

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

Crypto

Crucial Ten Days Ahead For Crypto: Will They Ignite Mega Altcoin Season?

As Bitcoin (BTC) leads the ongoing consolidation phase in the crypto market, analysts are closely watching the next ten days...

Ronaldo Marquez 7 hours ago
bitcoin

Bitcoin Market Faces Supply Squeeze As Scarcity Index Turns Positive Again

After hitting a weekend high of $116,689 on September 15, Bitcoin (BTC) fell slightly, trading just above $114,000 at the...

Ash Tiwari 8 hours ago
Bitcoin Bears Alert

Bitcoin Bears Alert – Price Could Slip Toward $112K Soon

Bitcoin price is correcting gains from $116,500. BTC is now consolidating and might start a fresh decline if it stays...

Aayush Jindal 9 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

XRP

Is XRP’s Big Rally Coming? CEO Predicts $10–$25

Christian Encila 1 hour ago
Bitcoin

Bitcoin Inflows In Last 1.5 Years Surpassed First 15 Years Combined: Data

Keshav Verma 4 hours ago
Bitcoin

Analyst Raises Red Flags On Bitcoin Price: Allegations Of Market Manipulation

Ronaldo Marquez 5 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後予測:価格チャートが示唆する急上昇と$1への道

    ドージコイン...

    45 seconds ago
  • リップル 今後の展望:Rabby Wallet統合でCPI懸念を払拭し、XRPが3ドルでゴールデンクロス維持

    リップル 今後の展望:Rabby...

    47 seconds ago
  • この9月に見逃せない仮想通貨プレセール4つのプロジェクト

    ...

    1 minute ago
  • 仮想通貨おすすめ:2025年に注目すべき暗号資産関連株トップ3

    ...

    1 minute ago
  • 新しい仮想通貨が1,600万ドル調達、BitcoinFiブーム本格始動へ

    ...

    2 minutes 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.