Market Overview for Yearn.finance/Tether (YFIUSDT) on 2025-11-04

Summary
• Yearn.finance/Tether (YFIUSDT) closed at 4500.0, down from 4566.0, with total volume of 469.7 and turnover of $2,117,387.
• A bearish trend emerged after a sharp sell-off post 21:00 ET, with a key support zone forming around 4430-4450.
• RSI dropped below 40, suggesting weakening momentum and potential oversold conditions ahead.

Yearn.finance/Tether (YFIUSDT) opened at 4566.0 on 2025-11-03 at 12:00 ET, reached a high of 4655.0, and a low of 4385.0, before closing at 4500.0 on 2025-11-04 at 12:00 ET. Total trading volume over the 24-hour period was 469.7 YFI, with notional turnover of approximately $2,117,387.

Structure & Formations

Price action on the 15-minute chart showed a bearish continuation after a strong 21:00 ET breakdown. Key support levels have emerged around 4430 and 4450, with resistance near 4520 and 4540. A bearish engulfing pattern formed at 21:30 ET, followed by a hanging man and dark cloud cover suggesting bearish momentum. A notable bearish reversal pattern (dark cloud cover) also occurred at 05:30 ET, reinforcing the downward trend.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs are bearish, with price below both lines. On a daily basis, the 50-day and 200-day EMAs are divergent, with the 50-day above the 200-day, indicating a potential longer-term bullish bias that conflicts with the short-term bearish 15-minute trend.

MACD & RSI

MACD remained negative throughout the session, with the histogram tightening slightly in the second half of the day, suggesting a potential exhaustion of the bearish momentum. RSI dropped from above 50 to below 40, signaling weakening momentum and potential oversold conditions approaching the 30 threshold.

Bollinger Bands

Volatility expanded significantly during the sell-off, with price breaking below the lower band at 4449.0. The width of the bands increased from 110 to over 180, indicating heightened uncertainty. Price has since consolidated slightly above the lower band, suggesting short-term support is forming.

Volume & Turnover

Volume spiked during the sell-off (particularly between 21:00 and 22:00 ET), with turnover rising above $100,000 in several 15-minute intervals. Price and turnover moved in tandem during the decline, confirming the bearish move. However, recent volume has declined, suggesting the sell-off may be losing steam.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing (4655.0 to 4385.0), the 38.2% retracement is at 4520.0 and the 61.8% is at 4487.5. Price has failed to hold the 61.8% level and is now testing the 4430.0 support. On the daily chart, the 61.8% retracement of the larger YFIUSDT move remains at 4400.0.

Backtest Hypothesis

Given the bearish momentum and potential oversold conditions, a backtest using RSI-14 with an oversold threshold of < 30 could provide valuable insight into potential short-term buying opportunities. Assuming the RSI remains below 30, a 5-day holding period strategy could be tested using a valid ticker symbol. To proceed, please confirm the correct ticker for “HOLD.P” or provide any adjustments to the RSI threshold or holding period. This could help quantify the effectiveness of a countertrend strategy in the current YFIUSDT environment.