$YFI Consolidating Near Resistance — Will Bulls Secure a Breakout Above $4,750?
$YFI (Yearn Finance) is trading at $4,723, up 2.76% in the last 24 hours, as buyers attempt to regain control after recent weakness. The price has bounced from support near $4,520 and is now hovering just below the $4,760 resistance zone.
YFI’s short-term momentum remains cautiously bullish, though market participants are watching closely to see if buyers can push the price higher or if consolidation will continue around the current range.
Market Snapshot
• Pair: YFI/USDT (Binance)
• Current Price: $4,723
• 24h Range: $4,528 – $4,761
• 24h Volume: 445.18 YFI
• Trend: Short-term bullish consolidation
Key Levels
Resistance:
• $4,750 – $4,770: First breakout area; closing above could trigger an advance toward $4,850 – $4,900.
• $5,000: Major resistance; a decisive move above this may confirm a stronger recovery trend.
Support:
• $4,600 – $4,550: Immediate support. Holding this level keeps the structure intact.
• $4,520: Breakdown below this level could bring a test of $4,400.
Trade View
Bullish Setup:
• Entry: On breakout above $4,770
• Targets:
• TP1: $4,850
• TP2: $4,900
• Stop-Loss: Below $4,600
Bearish Setup:
• Entry: On breakdown below $4,550
• Targets:
• TP1: $4,480
• TP2: $4,400
• Stop-Loss: Above $4,770
Final Note
YFI is trading within a tight range, showing early bullish signs but awaiting confirmation. A break above $4,770 could strengthen upside momentum, while failure to hold $4,550 may signal short-term weakness.