#YFI

YFI (Yearn.Finance) — is the token of one of the most well-known decentralized finance (DeFi) projects. YFI has a limited supply, making it a scarce asset. The YFI/USDT pair allows trading this token against the stablecoin USDT.

Technical analysis based on screenshots:

1. Screenshot 1 (1H timeframe):

• Current price: ~6930 USDT.

• Bollinger Bands (BB):

• The price is near the middle line of the BB, which may indicate consolidation.

• Lower BB boundary: ~2872 USDT, upper boundary: ~11428 USDT.

• MACD:

• MACD value: -91.2 — indicates weakness of bulls, as the line is below the signal line.

• RSI:

• RSI(6): 40.5 — indicates no overbought or oversold conditions.

• RSI(24): 49.5 — is in the neutral zone.

2. Screenshot 2 (3D timeframe):

• Long-term trend:

• There was strong volatility in the past with a peak of ~95,217 USDT.

• Currently, a downward trend is observed with subsequent sideways movement (consolidation).

• Bollinger Bands:

• Upper boundary: ~12244 USDT, lower boundary: ~5828 USDT.

• The price is near the middle line, which may indicate an attempt to stabilize.

• MACD:

• Value: -353.2 — confirms the bearish trend, but oversold conditions have weakened.

• RSI:

• RSI(6): 29.6 — close to the oversold zone.