$YFI /USDT TECHNICAL ANALYSIS – BEARISH PRESSURE DOMINATES
$YFI /USDT is currently trading at 5,074, down -4.53% in the last 24 hours, reflecting moderate bearish momentum. The pair recorded a 24h high of 5,346 and a 24h low of 4,904, indicating increased volatility with sellers maintaining control.
Key Observations:
Support Levels: Immediate support is at 4,904. A breakdown below this level could push the price toward 4,904–4,900 zone, intensifying the bearish trend.
Resistance Levels: Short-term resistance is observed at 5,233, followed by 5,418. A sustained move above these levels is needed to shift momentum bullish.
Volume Analysis: 24h trading volume is 453.81 YFI (~2.33M USDT), indicating steady market participation.
Trend: Short-term charts (15m–1h) show lower highs and lower lows, confirming bearish pressure.
Market Outlook:
$YFI /USDT remains in a bearish trend, and traders should exercise caution. Any recovery attempt must break above 5,233–5,418 to signal a potential reversal.
Trading Strategy:
Bearish traders: Consider short positions with stop-loss above 5,418.
Bullish traders: Wait for a confirmed breakout above 5,418 before entering.
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