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: HYPE Soars Beyond $40 Following Robinhood Listing: What’s Next For Hyperliquid’s Price?
  • 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: HYPE Soars Beyond $40 Following Robinhood Listing: What’s Next For Hyperliquid’s Price?

Yearn.finance (YFI) On “Life Alert” After Weak Attempt To Hold Support

Tony "The Bull" Severino
Tony "The Bull" Severino
5 years ago
2 mins read
yfi yearn.finance yifusd crypto altcoin defi ethereum

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 (YFI) had such an abrupt rise to fame, now that momentum has changed, the plunge could be equally as dramatic. Thus far, any attempt to hold above support has been weak, says one crypto analyst.

They also claim that YFI is currently on “life alert” and in danger of a much more drastic fall if the DeFi token cannot hold strong here.

Yearn.Finance Falls Back To Support At Recent Local Low, Lingering On “Life Alert”

The popularity in DeFi tokens like Yearn.Finance, LEND, UNI, and several others have been what’s propelled the crypto market back toward profitability and out of the bear market gutter.

The trend has become so dominant in the crypto space, the term “DeFi” now outweighs all mentions of Ethereum in the media by a large margin.

Related Reading | Top Defi Dogs YFI, LEND, and UNI Correct Nearly 20%

ERC-20 tokens even outgrew Ethereum’s market cap when combined, because of how popular and profitable the trend has become. Nearly every new week, another DeFi token turned little investment into a small fortune.

But now, the tides have been turning, and top DeFi dogs have been digging for bones, causing them to fall deeper than anyone would have expected. It has also left YFI on “life alert” according to one crypto trader.

yfi yearn.finance yifusd crypto altcoin defi ethereum

YFIUSDT Yearn.Finance Retesting Support | Source: TradingView

YFI Flying High Could Lead To Dramatic Collapse To Bitcoin Prices

YFI, for example, has tumbled from more than four times the price of a Bitcoin to just $22,000 per token. And while that sounds expensive for any token to beat out Bitcoin in price, its quite a feat.

That achievement alone was enough to cause Yearn.Finance value to skyrocket in its earliest days. But like Bitcoin, it got overheated too quickly and is now pulling back big time.

YFIUSDT finds itself back falling to support previously tested, that its now at risk of losing. If Yearn.Finance loses this support, it could fall back toward Bitcoin prices.

Related Reading | Yearn.Finance (YFI) Flies 15% Percent From Local Price Floor, Fractal Targets $60K+

What makes this token so much more valuable than Bitcoin price-wise, is just like the leading cryptocurrency by market cap itself: digital scarcity.

There are only 30,000 YFI tokens, making what little liquidity to enter the token supply a powder keg for explosive price action. Unfortunately, this also works in reverse, as YFI holders are seeing right now.

But when the DeFi token finally turns back around, it could be an investment of a lifetime due to just how limited the supply is.

Featured image from DepositPhotos, Charts from TradingView
Tweet123Share196ShareSend
Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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

hyperliquid hype hypeusd

Hyperliquid Price Breaks Key Resistance as $1B Fundraising and IPO Plans Gain Traction

HYPE has reignited bullish sentiment across the crypto market after a sharp 11.91% daily surge pushed the Hyperliquid price above...

James Halver 2 hours ago
XRP Price Stuck In Range

XRP Price Stuck In Range As Bulls Struggle To Clear Key Resistance

XRP price started a recovery wave from $2.320. The price is now struggling to clear $2.420 and might decline if...

Aayush Jindal 3 hours ago
Bitcoin

Bitcoin Holds Steady As Gold Shed Trillions In Value — What This Means

In one of the most striking moments of this cycle, gold has lost trillions in market capitalization, a drawdown larger...

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

Bitcoin price

Bitcoin Price Update: Key Drivers That May Keep The Bull Run Alive Until Q2 2026

Ronaldo Marquez 7 minutes ago

加密貨幣賭場取代傳統賭場 年青賭客喜歡什麼線上娛樂遊戲?

newsbtc 20 minutes ago
Bitcoin

‘Unthinkable Scenario’ Required For Bitcoin To Hit $250K, CEO Says

Christian Encila 1 hour ago

Premium Sponsors

Press Releases

  • イーサリアム 今後 の価格予測:5,000ドルを突破できるのか、それとも投資家はより速い銘柄へ動くのか

    イーサリアム 今後...

    15 hours ago
  • ビットコイン 今後 の価格動向:FRB会議後に10万8,000ドルへ下落、再び暴落か新高値か?

    ビットコイン 今後...

    15 hours ago
  • シバコイン 今後 の展望:保有者数は増加も、サポート水準の防衛に苦戦

    シバコイン 今後...

    16 hours ago
  • パイネットワーク 価格 の見通し:取引所での需要増加により、トライアングル上抜けの兆し

    パイネットワーク 価格...

    16 hours ago
  • ドージコイン 今後 の価格動向:24時間でわずか1%下落、反転の兆しは見えるか?

    ドージコイン 今後...

    16 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.