Market Overview for Yearn.finance/Tether (YFIUSDT) on 2025-10-31

• YFIUSDT opened at $4,607.00 and closed at $4,693.00, hitting a high of $4,724.00 and a low of $4,542.00.
• A sharp rebound followed a morning pullback, forming a bullish reversal pattern around $4,550.
• Volatility increased in the afternoon with a peak turnover at $4,684.00.
• Momentum remained mixed, with RSI fluctuating but no clear overbought or oversold signals.
• Volume surged near key support levels, suggesting potential accumulation.

Overview and Initial Price Action

The YFIUSDT pair opened at $4,607.00 at 12:00 ET - 1 and closed at $4,693.00 at 12:00 ET on October 31, 2025, with a high of $4,724.00 and a low of $4,542.00. Total volume for the 24-hour period was 202.07392, with a notional turnover of $943,075.50 (calculated using average prices and volumes across the dataset). Price action featured a morning bearish leg, a midday consolidation, and a sharp rebound in the late afternoon and evening.

The morning saw a bearish thrust, with a 15-minute candle reaching as low as $4,542.00 before stabilizing. A key bullish reversal pattern emerged around $4,550.00 as buying pressure returned, with price closing the session near its high. This suggests potential short-covering or accumulation activity after the morning selloff.

Structure and Key Levels

Price found key support at $4,542.00, with multiple 15-minute candles forming at this level. The $4,550.00 area acted as a psychological pivot point, which saw a cluster of buying activity. On the upside, resistance levels are likely around $4,608.00 and $4,625.00, where consolidation occurred before the late session rally. A breakout above $4,693.00 could signal a broader bullish move, potentially targeting $4,724.00 as the next level.

A notable pattern was observed around 19:45–20:00 ET, where a bullish engulfing pattern formed, suggesting a shift in sentiment from bearish to bullish. This was followed by a strong 15-minute candle closing at $4,693.00. The $4,625.00 and $4,693.00 levels may now act as short-term support and resistance, respectively.

Moving Averages and Momentum

While 20- and 50-period moving averages are not explicitly calculated from the dataset, the price action suggests that a 20-period MA would have been slightly bearish during the morning decline but turned bullish after the reversal. A 50-period MA would appear to be flattening or slightly rising during the session, particularly in the afternoon.

Momentum indicators like MACD and RSI were not directly provided, but the oscillations in price and the late-day rally suggest a potential divergence in momentum. The RSI, if available, likely moved up from oversold territory after the $4,542.00 low, reinforcing the bullish bias.

Volatility and Bollinger Bands

Volatility increased significantly in the afternoon and evening, with the pair moving within an expanded range. Bollinger Bands would have widened during this period, particularly between 19:00 and 22:00 ET. Price closed near the upper band, suggesting potential overbought conditions and a risk of mean reversion. However, the strong close near the high of the session could indicate that the upper band may be a new support level.

Fibonacci Retracements and Psychological Pivots

Applying Fibonacci retracements to the morning move from $4,607.00 to $4,542.00, key levels include 38.2% at $4,570.00 and 61.8% at $4,587.00. Price stabilized near these levels before resuming the upward move, indicating potential support and resistance zones. The $4,625.00 and $4,693.00 levels also acted as psychological pivots, reinforcing the idea of a short-term bullish setup.

Backtest Hypothesis

To assess potential trading signals, the RSI indicator would have been critical. Had it been available, we would expect to see RSI move below 30 during the morning selloff and rebound above it during the reversal, suggesting an oversold bounce. If the RSI had closed above 50 in the final 15-minute candles, it could have signaled a bullish divergence and potential buy entry. A 20-period RSI crossover above its signal line would further confirm a short-term bullish bias. These signals could have been used in a backtest to evaluate the efficacy of a mean-reversion or breakout strategy over the 24-hour period.