Market Overview for Yearn Finance/Tether (YFIUSDT) – 2025-10-28

• Yearn Finance/Tether (YFIUSDT) dropped to a 24-hour low of $4,753 before rebounding near $4,860, showing intraday volatility.
• A bearish breakdown attempt from $4,830–4,860 failed, with price rebounding off 21 EMA support.
• Turnover surged during the $4,750–4,810 range, confirming bearish conviction but lacking follow-through.
• RSI reached 35, suggesting oversold conditions, but lacks bullish confirmation from volume or price action.
• Volatility spiked with Bollinger Band expansion, but no clear trend consolidation or reversal pattern yet.

Market Overview for Yearn Finance/Tether (YFIUSDT) – 2025-10-28

Yearn Finance/Tether (YFIUSDT) opened at $4,820.00 on 2025-10-27 at 12:00 ET and reached a high of $4,868.00 before declining to a low of $4,753.00 on 2025-10-28 at 12:00 ET, closing at $4,844.00. The pair recorded a 24-hour volume of 187.50251 and a total turnover of approximately $907,835.50 (based on notional value). The price swung sharply in response to a key support cluster between $4,750–4,800, where multiple 15-minute candlesticks showed bearish momentum.

Structure & Formations

Price found resistance in the $4,840–4,860 range on multiple occasions, with bearish divergence forming as higher highs failed to produce higher closes. A bearish engulfing pattern was visible at $4,860 early in the session, followed by a bullish hammer at $4,753, suggesting short-term oversold conditions. However, price action lacks clarity in forming a decisive reversal pattern, with volume failing to confirm any breakout.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart intersected in the $4,780–4,800 range, forming a potential dynamic support zone. On the daily chart, the 50-period MA resides above the 200-period MA, suggesting a continuation of a longer-term bullish trend. However, the current intraday price action appears to be testing key support levels with a potential for a pullback.

MACD & RSI

The 15-minute MACD crossed below the signal line near $4,780, indicating bearish momentum. The histogram has been shrinking since $4,750, suggesting a potential reversal. The RSI dipped to 35, signaling oversold territory, though without confirmation from price or volume, this could indicate a false bottom. Momentum remains bearish but appears to be stabilizing.

Bollinger Bands

Volatility expanded significantly during the $4,750–4,820 swing, with the upper band reaching $4,870 and the lower band dropping to $4,750. Price has been consolidating near the middle band recently, suggesting a potential trendless environment. A break above $4,870 could rekindle bullish sentiment, while a close below $4,750 might trigger deeper correction.

Volume & Turnover

Volume spiked during the $4,750–4,810 consolidation, with a total volume of 12.18386 in one 15-minute candle. This aligns with a price rejection at the lower band and supports bearish continuation. However, turnover has not increased proportionally, suggesting limited conviction. A divergence between volume and price during the rebound to $4,840 signals caution for buyers.

Fibonacci Retracements

Key Fibonacci levels for the recent $4,753–4,868 swing include 38.2% at $4,824, 50% at $4,810, and 61.8% at $4,796. Price found short-term support at the 61.8% level but failed to hold, suggesting bearish bias. On the daily chart, a larger swing from $4,750–4,870 shows 61.8% at $4,816 as a critical area for near-term buyers.

Backtest Hypothesis

To better contextualize the bearish momentum observed in the past 24 hours, a MACD-based backtesting strategy was considered. The hypothesis involved identifying daily MACD Death Crosses and implementing a one-day short-holding strategy. Unfortunately, the data provider could not locate the YFIUSDT symbol, returning an internal error. This suggests either a symbol mismatch, outdated data, or a limitation in the provider's DeFi data integration.

Practical solutions include trying alternative symbol formats (e.g., YFI-USD, YFIUSDT-BINANCE), narrowing the time frame, or switching to a different DeFi pair with better data availability. Once resolved, the MACD Death Cross strategy could help quantify how bearish sentiment has historically influenced YFIUSDT, especially in the context of recent volatility.