Market Overview for yearn.finance/Tether (YFIUSDT)

• YFIUSDT traded between 5377.0 and 5556.0 in the last 24 hours, closing at 5520.0.
• Price consolidated in a volatile range, with bearish rejection observed near 5556.0 and bullish rebound near 5377.0.
• High volume was recorded during sharp declines, signaling bearish momentum in late hours.
• RSI and MACD suggest mixed momentum, with RSI near neutral and MACD hinting at potential bearish divergence.
• Volatility expanded as Bollinger Bands widened, with price hovering near the upper and lower boundaries.

24-Hour Summary

YFIUSDT opened on 2025-10-05 at 12:00 ET at 5505.0 and closed at 5520.0 on 2025-10-06 at 12:00 ET, reaching a high of 5556.0 and a low of 5377.0. Total volume for the 24-hour period was 269.93256, and total turnover was approximately $1,471,858.22 (calculated from volume × price). The pair displayed choppy price action with significant bearish and bullish swings throughout the session.

Structure & Formations

The 24-hour candlestick chart revealed a key bearish rejection at the 5556.0 level, followed by a sharp pullback and a bullish bounce off 5377.0. A large bearish candle with a long upper wick near 5556.0 suggests strong selling pressure at that level. In contrast, a bullish engulfing pattern emerged as price moved from 5389.0 to 5410.0, indicating potential short-term support. Several doji candles were observed during consolidation phases, particularly between 21:00 and 00:45 ET, signaling indecision and possible turning points.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in close proximity, with the 20SMA slightly above the 50SMA, suggesting mild bullish bias. Over the daily timeframe, the 50-period and 200-period moving averages are in a bearish crossover setup, indicating a stronger bearish bias on the longer time frame.

MACD & RSI

The MACD line crossed below the signal line in the late hours, forming a bearish crossover and confirming short-term bearish momentum. The histogram has been shrinking, suggesting weakening bearish pressure. RSI has remained in neutral territory, hovering around 50–55, indicating no clear overbought or oversold conditions. However, RSI did show a potential bearish divergence during the late-night downtrend, reinforcing the MACD signal.

Bollinger Bands

Bollinger Bands have expanded significantly, with the width suggesting increased volatility. Price frequently touched the upper and lower bands during key swings, indicating strong price reactions to those levels. During the early morning, price tested the upper band near 5556.0 and bounced off it, while in the late hours, it probed the lower band near 5377.0 and found buying interest.

Volume & Turnover

Volume spiked during the sharp selloff from 5525.0 to 5389.0, with large notional turnover associated with those candlesticks. This suggests strong bearish conviction. The bullish bounce from 5389.0 to 5410.0 also showed decent volume, indicating a partial reversal of bearish sentiment. However, the lack of a sustained volume increase after the bounce suggests limited follow-through from buyers.

Fibonacci Retracements

Applying Fibonacci levels to the major 5377.0–5556.0 swing, the 61.8% level is at approximately 5452.0, which was a key consolidation point during the session. The 38.2% level at 5467.0 was also a support zone during a key bounce. These levels may act as critical pivots for near-term price action.

Backtest Hypothesis

Given the recent bearish divergence in RSI and the bearish MACD crossover, a potential short-term trading strategy could involve a sell entry at 5556.0 (the previous high) with a stop-loss above the 5580.0 level and a target at 5450.0. This strategy would capitalize on the bearish structure observed at the upper Bollinger Band and Fibonacci 61.8% level. Additionally, a buy entry could be considered on a retest of the 5400–5410.0 zone, with a stop-loss below 5380.0 and a target at 5450.0. These levels align with key support and resistance identified in the candlestick and oscillator analysis.