Looking for a support in YFI

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Santrends
Apr 15, 2021

Assets covered: Yearn Finance (YFI)

Metrics used: Supply on exchanges, Supply Distribution, Exchange Inflow, Active Addresses, Network Profit Loss, Social volume, MVRV



It's been a while we've been ignoring YFI. Well, Yearn Finance is not really doing a lot in sense of price or social activity. What's going on with one of the most noticeable coins from DeFi summer?



Bullish Cases


Price action

It has been a very very long bloody triangle. And now this is the first time 44K level is probably becoming a support. If it holds then we have a new chance to go to 100K.


Overall a usual pattern, higher highs - higher lows. Right now it needs to make the higher high. If it manages then we have a confirmation. So far higher lows has been establishing. That's good.



Total value locked (TVL)

Source: Defillama

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Assets from this insight

yearn.finance logo

yearn.financeYFI

$ 69358.05

20.73%in last 7d
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