Market Overview for Yearn.Finance/Tether (YFIUSDT): 24-Hour Technical Breakdown

• YFIUSDT traded lower with bearish momentum, closing at $4,716 after a 24-hour low of $4,561.
• Volatility increased sharply, with a 9.6% swing in 5 hours and a peak volume of 17.3k YFI at the intraday high.
• A key support level at $4,690 appears intact, but a break could trigger a test of $4,660–$4,640.
• RSI approached oversold territory briefly, but volume failed to confirm a strong reversal signal.
• A potential 3-day-hold backtest is viable if RSI(14) < 30 levels are provided or corrected via exchange-qualified ticker.

Opening Summary

yearn.finance/Tether (YFIUSDT) opened at $4,738 at 12:00 ET-1 and closed at $4,716 as of 12:00 ET on 2025-10-23. The 24-hour range was $4,746 (high) to $4,561 (low), representing a -4.7% decline from the session high. Total volume amounted to approximately 113.9 YFI, while notional turnover reached ~$499,000, showing increased participation in the downward move.

Structure & Formations

Price action showed bearish structure, including a bearish engulfing pattern at 16:45 ET as YFIUSDT fell from $4,735 to $4,707. A key support level at $4,690 held multiple times, but a break below $4,670 could trigger a test of 61.8% Fibonacci at $4,660, derived from the swing high at $4,754.

Support & Resistance (15-Minute)

Key resistance levels include $4,735 and $4,754, while critical support sits at $4,690 and $4,660.

Moving Averages

On the 15-minute chart, the price closed below the 20- and 50-period SMAs, signaling a bearish bias. On the daily chart, price remains below all major MAs (50, 100, 200), suggesting a continuation of the bearish trend.

MACD & RSI

MACD showed bearish divergence as the line and histogram both declined through the session. RSI approached the 30-level at $4,613 but failed to confirm a strong reversal with accompanying volume. This suggests the asset is near oversold levels, but a strong reversal signal is lacking.

Bollinger Bands

Volatility expanded significantly following the $4,754 high, with price breaking out of the upper band. On the daily chart, price sits near the lower band, indicating potential for a rebound.

Volume & Turnover

Turnover spiked during the sharp selloff between 19:15 ET and 21:15 ET, when volume reached 17.3k YFI. However, a divergence emerged as price continued lower after the volume spike, suggesting fading momentum in the short term.

Fibonacci Retracements

On the 15-minute chart, price tested the 50% retracement level at $4,730 before falling back. On the daily chart, the 61.8% retracement at $4,660 remains a critical level to watch, especially if the bearish trend continues.

Backtest Hypothesis

Given the current bearish momentum and RSI nearing oversold levels, a backtest based on RSI(14) < 30 may provide insight into potential short-term rebounds. However, the data source failed to retrieve RSI information for “YFIUSDT,” likely due to an incorrect ticker format. To proceed accurately, one of the following is recommended: 1. **Use a corrected ticker symbol** such as “YFI/USDT” or “YFIUSDT.BINANCE” depending on the exchange. 2. **Provide known RSI(14) < 30 timestamps manually**, which would allow for a 3-day-hold backtest evaluating whether buying on oversold RSI signals yields positive returns.

Outlook & Risk Caveat

YFIUSDT appears to be consolidating near critical support at $4,690 with bearish momentum intact. A breakdown below $4,660 could trigger further bearish continuation. However, a bullish surprise is possible if volume picks up with a clear reversal. Traders should monitor the $4,690 level closely and remain cautious of potential volatility spikes in the next 24 hours.