yearn.finance is Trading 30.17% Above Our Price Prediction for Dec 09, 2022

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • yearn.finance is up 3.50% today against the US Dollar
  • YFI/BTC increased by 2.56% today
  • YFI/ETH increased by 3.31% today
  • yearn.finance is currently trading 30.17% above our prediction on Dec 09, 2022
  • yearn.finance dropped -15.31% in the last month and is down -71.12% since 1 year ago
yearn.finance price $ 7,005.52
yearn.finance prediction $ 5,381.97 (-23.18%)
Sentiment Neutral
Fear & Greed index 26 (Fear)
Key support levels $ 6,556.25, $ 6,472.00, $ 6,331.42
Key resistance levels $ 6,781.07, $ 6,921.65, $ 7,005.90

YFI price is expected to drop by -23.18% in the next 5 days according to our yearn.finance price prediction

is trading at $ 7,005.52 after gaining 3.50% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 3.99% in the same time period. YFI performed well against BTC today and recorded a 2.56% gain against the world’s largest cryptocurrency.

According to our yearn.finance price prediction, YFI is expected to reach a price of $ 5,381.97 by Dec 09, 2022. This would represent a -23.18% price decrease for YFI in the next 5 days.

YFI Price Prediction Chart

Buy/Sell yearn.finance

What has been going on with yearn.finance in the last 30 days

yearn.finance has been displaying a negative trend recently, as the coin lost -15.31% in the last 30-days. The medium-term trend for yearn.finance has been bearish, with YFI dropping by -26.08% in the last 3 months. The long-term picture for yearn.finance has been negative, as YFI is currently displaying a -71.12% 1-year price change. On this day last year, YFI was trading at $ 24,257.

yearn.finance reached its all-time high price on May 12, 2021, when the price of YFI peaked at $ 91,137. The current YFI cycle high is $ 13,875, while the cycle low is at $ 4,046.79. YFI has been displaying high volatility recently – the 1-month volatility of the coin is at 10.94. yearn.finance recorded 15 green days in the last 30 days.

yearn.finance technical analysis for today – Dec 04, 2022

The sentiment in the yearn.finance markets is currently Neutral, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 6,556.25, $ 6,472.00 and $ 6,331.42, while $ 6,781.07, $ 6,921.65 and $ 7,005.90 are the key resistance levels.

Neutral sentiment for yearn.finance

14 indicators are currently signaling a bullish prediction for yearn.finance, while 12 indicators are showing a bearish forecast. With 54% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for yearn.finance.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 26 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

yearn.finance moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how yearn.finance is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 6,714.59 (BUY) $ 6,640.49 (BUY)
MA5 $ 6,673.31 (BUY) $ 6,681.61 (BUY)
MA10 $ 6,465.60 (BUY) $ 6,565.16 (BUY)
MA21 $ 6,298.24 (BUY) $ 6,521.66 (BUY) $ 8,380.83 (SELL) $ 8,300.31 (SELL)
MA50 $ 7,069.21 (SELL) $ 6,951.33 (BUY) $ 14,171 (SELL) $ 13,380 (SELL)
MA100 $ 7,872.45 (SELL) $ 7,663.58 (SELL) $ 25,137 (SELL) $ 19,156 (SELL)
MA200 $ 7,848.51 (SELL) $ 9,813.07 (SELL)
Period Value Action
RSI (14) 50.37 NEUTRAL
Stoch RSI (14) 52.22 NEUTRAL
Stochastic Fast (14) 78.85 NEUTRAL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 14.99 NEUTRAL
Awesome Oscillator (5, 34) -119.83 NEUTRAL
Momentum (10) 408.74 NEUTRAL
MACD (12, 26) 123.58 NEUTRAL
Williams Percent Range (14) -21.15 NEUTRAL
Ultimate Oscillator (7, 14, 28) 56.39 NEUTRAL
VWMA (10) 6,477.17 BUY
Hull Moving Average (9) 6,868.67 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 6,682.54 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for yearn.finance is at 50.37, suggesting that YFI is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of yearn.finance over the last 50 days. Currently, yearn.finance is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the YFI closing price for the last 200 days. YFI is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this yearn.finance prediction

After considering the above factors, we can conclude that the current forecast for yearn.finance price prediction is Neutral. YFI would have to decrease by -23.18% to hit our $ 5,381.97 target within the next five days. Moving forward, it will be important to monitor the YFI market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term yearn.finance price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Leave a Reply

Your email address will not be published. Required fields are marked *