The chart below shows that YFI has performed great over the past few days. However, since the gap between the two moving averages is wide and the 100-MA is not touching some previous candlestick, the price of the coin might increase soon.
YFI/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)įrom the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers. This shows that Yearn.Finance (YFI) is showing a neutral trend since its RSI lies between 30 and 50. The RSI value of the 1Day chart is 42.91. The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. YFI/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview) However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run. From the Keltner Channel signals for YFI/USDT, we can deduce that the price of Yearn.Finance might get bullish in some days since the price is almost breaking out at the first half of the channel from the bottom.
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. YFI/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview) But will the latest upgrades, developments, and changes in the YFI blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this YFI price prediction article. Yearn.Finance (YFI) Price Analysis 2022Ĭurrently, YFI holds the 130th place on CoinGeko. Now, let’s proceed to the next part of this YFI price analysis for 2022. Currently, the top cryptocurrency exchanges for YFI are Binance, OKEx, FTX, Huobi Global, and LocalTrade. The price of YFI has increased by 0.5% in the last 24 hours.įurthermore, YFI has a current circulating supply of 36,635.44 YFI. Yearn.Finance (YFI) Current Market StatusĪs of the time of writing this YFI price analysis, YFI trades at $19286.49 with a 24-hour trading volume of $51,537,245, according to CoinMarketCap. Now that we have an idea about YFI, do you think YFI will be profitable crypto in 2022? Join me and let us see the charts in this YFI price prediction. Yearn.Finance’s native token YFI, reached its new ATH of $93,435.53 on May 12, 2021according to CoinMarketCap. Moreover, its aim is to simplify the ever-growing DeFi space for investors who are not technically minded or who wish to communicate in a less committal manner than serious traders. Yearn.finance is an aggregator service for the investors of decentralized finance (DeFi), using automation to enable them to maximize profits from yield farming. But before we proceed to our YFI price prediction, let us first answer the question “What is Yearn.Finance (YFI)?” in this YFI prediction 2022 article. But for those that are unaware, it has been around since 2020.Ĭan YFI reach $40K in 2022? We will find out shortly. It is one of the most hyped digital currencies today. Below, you will see the key metrics that we have taken into consideration upon coming up with our YFI price analysis and prediction.Īmong the cryptocurrencies that are spiking high this year, YFI is perhaps one of the most surprising for some. This Yearn.Finance (YFI) Price Prediction 2022 article is based on technical analysis alone. YFI bearish market price prediction for 2022 is $17811.60.