Market Overview for Yearn.finance/Tether (YFIUSDT) on 2025-10-05

• YFIUSDT surged 5.7% in 24 hours, closing near a 54-day high.
• Volatility spiked during late ET hours, with a strong bullish breakout above $5450.
• On-balance volume increased 75% in the final 6 hours, confirming upside momentum.
• RSI crossed overbought territory, suggesting caution for near-term pullback.
• MACD and price showed alignment, supporting a continuation of the bullish trend.

Yearn.finance/Tether (YFIUSDT) opened at $5372 on 2025-10-04 at 12:00 ET and surged to a 24-hour high of $5627 before consolidating to a close of $5516 at 12:00 ET on 2025-10-05. Total volume traded was 108.235 BTC, while notional turnover reached $594,686. The pair showed strong accumulation in the 24-hour window, with increasing volume aligning with rising price action.

The 15-minute chart revealed a breakout above a key resistance at $5450, followed by a series of bullish formations, including a bullish engulfing pattern and a higher high above $5580. A strong volume spike accompanied the move, indicating conviction. The price held above the 20 and 50-period moving averages on the 15-minute chart, suggesting a continuation of the bullish trend could be in play.

On the daily chart, the price appears to have broken out of a descending triangle pattern. The 50-period MA crossed above the 100-period MA in early October, forming a bullish crossover. The RSI is in overbought territory at 68, and the MACD is positive and expanding, reinforcing the strength of the move. However, the Bollinger Bands are widening, indicating heightened volatility, and price now resides near the upper band, which could trigger a retracement.

Fibonacci retracement levels suggest key resistance near $5580 (38.2%) and $5627 (61.8%) based on the most recent swing high and low. A close above $5627 may unlock a new bullish phase, but a pullback to $5490–$5460 is likely in the near term. Investors should monitor volume for confirmation during pullbacks and watch for a potential bearish divergence in RSI.

The backtest hypothesis considers a strategy based on the identified 15-minute bullish engulfing pattern and volume confirmation. It suggests entering a long position at the close of the engulfing candle (e.g., at $5563 on 2025-10-05 at 02:45 ET) with a stop loss just below the swing low of the pattern. A target is set at the 38.2% Fibonacci level ($5580) and then extended to $5627. The strategy assumes that the breakout is supported by increasing volume and MACD confirmation. Backtesting would evaluate the win rate and risk-to-reward ratio under various volatility and liquidity conditions.