🔷 $YALA Gaining Momentum — Bitcoin-Backed DeFi Rising
💰 Current Price: $0.36 (▲ 70%+)
📉 Range: $0.16 – $0.41
💸 Volume: ~$290M | Market Cap: ~$90M
📆 7D: +112% | 30D: +150% (approximate)
🧠 My Take:
Yala’s protocol lets Bitcoin holders mint a Bitcoin-collateralized stablecoin ($YU) and earn real yield without losing custody of their BTC, bridging Bitcoin and DeFi in a unique way. Backed by a strong team from MakerDAO and Circle, and $8M in seed funding, Yala is rapidly gaining traction as a scalable Bitcoin liquidity solution.
🎯 Target:
• $0.75 – Near-term resistance
• $1.00 – Key upside level
• $1.50 – Bullish breakout zone
🛡️ Support:
• $0.30 – Immediate support
• $0.25 – Strong pivot
• $0.20 – Lower cushion zone
🌐 Ecosystem Highlights:
• Dual token system: $YALA (governance) and $YU (stablecoin)
• Recently launched on Base Layer-2 network for faster transactions
• Over-collateralized protocol ensures stability and security