Looking for a support in YFI
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?
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.
There’s more of this Insight
Choose your subscription plan
Years of market experience, compressed in each report
Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.
Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.
Our previous TOP calls:WAVES crowd sentiment patternMATIC charts a new ATH: is the top in?ICX insanity. How far could it go?
What you get with Sanbase Pro:
- Members-only daily market insights and analysis
- 30+ on-chain, social & project indicators for 900 cryptocurrencies
- Custom alerts for the coins' price, on-chain & social trends
- Santiment Spreadsheet plugin with 10+ pre-made market templates
- Personalized asset watchlists and weekly performance reports
Gain unfair advantage with Sanbase Pro
Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!