Market Overview for Yearn.Finance/Tether (YFIUSDT)

Summary
• Price declined over 24 hours, forming bearish patterns near key resistances.
• Momentum weakened with RSI dropping toward oversold territory.
• Volatility expanded in early session, followed by consolidation.
• Volume surged during sharp selloffs, confirming bearish pressure.
• Bollinger Bands widened, indicating increased price dispersion and uncertainty.

At 12:00 ET on 2025-12-12, yearn.finance/Tether (YFIUSDT) opened at 3630.0, peaked at 3689.0, and closed at 3607.0, finding support near 3605. The 24-hour volume totaled 86.55352 units, with a notional turnover of $317,400.00 (calculated from volume × average price).

Structure & Formations

The price action displayed a series of bearish engulfing patterns between 19:00 and 20:00 ET, followed by a long lower shadow doji at 05:00 ET. Key resistance levels formed around 3680.0 and 3670.0, with support confirmed near 3615.0 and 3605.0. A 20-period 5-min moving average consistently acted as a bearish bias, reinforcing the downtrend.

Moving Averages & Momentum

The 20-period and 50-period moving averages on the 5-min chart trended downward, indicating bearish momentum. The 50-period daily MA is likely near 3640.0, suggesting a bearish alignment with the shorter-term bias. RSI has moved below 30, hinting at potential oversold conditions, though a reversal is not yet confirmed.

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Volatility & Bollinger Bands

Bollinger Bands expanded significantly between 18:45 and 21:45 ET, capturing price swings between 3640.0 and 3687.0. The narrowing of the bands late into the session suggests a potential reversal or consolidation phase. The current price sits near the lower band, supporting the notion of oversold conditions.

Volume & Turnover

Volume spiked during key breakdowns, particularly between 05:30 and 06:15 ET, where price dropped from 3629.0 to 3602.0. Turnover was notably higher during these selloffs, aligning with price action. A divergence between rising volume and falling price may signal increased bearish conviction.

Fibonacci Retracements

On the 5-min chart, price retested the 61.8% Fibonacci level near 3615.0 before breaking to 3605.0. On the daily chart, the 38.2% and 61.8% retracements are likely near 3655.0 and 3610.0, respectively, providing potential areas for near-term support or bounce attempts.

The market may test the 3600.0 level in the next 24 hours, with a possible bounce if RSI stabilizes above 30. However, a break below 3600.0 could accelerate the decline toward 3570.0. Investors should watch for a reversal pattern and a shift in volume dynamics to assess potential trend exhaustion.