Yearn.finance Technical Analysis: YFI rebound to $25,000 remains a challenge

Published by
Yearn.finance Technical Analysis: YFI rebound to $25,000 remains a challenge
  • Yearn.finance refreshes support at $20,000 but rebounds towards $22,000.
  • On-chain data predicts increased selling pressure towards $25,000.

Yearn.finance saw the rebound predicted at the beginning of the week invalidated after failing to close above the 50 Simple Moving Average (SMA) in the 4-hour range. The rebound came into the picture following the formation of a double-bottom pattern. Support at $22,000 failed to hold, paving the way for declines that later tested the next demand zone at $20,000.

Meanwhile, a shallow recovery has pulled YFI above $21,000 and could retake the support at $22,000 anytime soon. Yearn.finance is trading within a parallel descending channel, whose support has been instrumental in keeping the bears in check.

On the upside, a breakout is expected to come into the picture, especially if the recovery continues above $24,000. The ongoing momentum is highlighted by the Relative Strength Index (RSI). The indicator shows how strong a particular trend is (either up or down) and whether an asset is overbought or oversold. If the RSI sustains upward movement beyond 40 and towards the midline, more buyers would be encouraged to join the market and capitalize on the expected breakout from the descending channel.

Advertisement

YFI/USD 4-hour chart

YFI/USD price chart by Tradingview

According to IntoTheBlock’s IOMAP, the path ahead of YFI is not a walk in the park. Particularly, the toughest resistance zone lies between $23,978 and $24,659. The model highlights that 64 addresses previously purchased 1,930 YFI in the range.

Advertisement

YFI IOMAP chart

YFI IOMAP by IntoTheBlock

On the downside, it essential for traders to be aware of the lack of a formidable support area. The zone between $20,064 and $19,383 remains to be the most significant support. Here, 197 addresses previously bought around 65 YFI tokens. With that in mind, we can tell that losses are not out of the picture and it is important to proceed with caution.

Advertisement

YFI Intraday Levels

Spot rate: 21,900

Percentage change: 3.57%

Relative change: 776

Trend: Bullish

Volatility: Expanding

Read more: Uniswap, Yearn.Finance Tokens Mimic Ethereum’s fall

Advertisement
Share
John Isige

John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Canary XRP ETF Filing Removes SEC Delay Clause, Targets November Launch

Canary Funds has filed an updated S-1 registration for its XRP spot exchange-traded fund (ETF).…

October 31, 2025
  • News

CFTC, SEC Launch ‘New Era of Collaboration’ to Clarify Crypto Rules, End Regulation by Enforcement

The U.S. Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) have entered…

October 31, 2025
  • News

Senate Committee Finalizes Updated Crypto Market Structure Bill Draft, Release Expected In Days

The U.S. Senate committee is set to release an updated draft of the Crypto Market…

October 30, 2025
  • News

€648 Billion Nordea To Allow Customers to Trade Bitcoin-Linked ETFs

Nordea Bank, one of Europe’s largest financial institutions, is allowing customers to trade Bitcoin-linked funds…

October 30, 2025
  • News

Uphold Joins Gemini, Relaunches XRP Debit Card Following SEC Lawsuit Resolution

Uphold has relaunched its XRP Debit Card across the United States following the resolution of…

October 30, 2025
  • Altcoin News

Breaking: XRP Treasury Evernorth Debuts on Nasdaq Under XRPN Ticker After $1B Token Purchase

Evernorth Holdings, a Ripple-backed XRP treasury company, has officially made its debut on Nasdaq under…

October 30, 2025