Market Overview for Yearn.Finance/Tether (YFIUSDT) on 2025-11-05

Summary
• YFIUSDT opened at $4446.00 and closed at $4435.00 after reaching a high of $4494.00 and a low of $4171.00.
• Volatility increased during the early hours, with a strong decline followed by a recovery attempt.
• High volume and turnover observed in the first half of the day, suggesting active positioning.

Yearn.Finance/Tether (YFIUSDT) experienced a volatile 24-hour period, opening at $4446.00, peaking at $4494.00, and dropping to a session low of $4171.00 before closing at $4435.00. Total traded volume was 214.75529 units, with a notional turnover of $953,694.43 during the 24-hour window. The price action displayed a bearish thrust early in the session, followed by a gradual recovery, suggesting a tug-of-war between short-term bears and bulls.

Structure & Formations

The candlestick pattern formed by the session low at $4171.00 and the subsequent rebound shows a bearish exhaustion gap, followed by a bullish consolidation phase. A notable bearish engulfing pattern emerged around 01:30 ET, confirming short-term bearish sentiment. A small doji appeared near $4335.00 at 00:00 ET, suggesting indecision, while a bullish harami near $4430.00 in late trading hinted at potential consolidation and a possible countertrend move.

Support and Resistance Levels

Immediate support levels appear to be around $4330.00 and $4270.00, while key resistance levels were tested at $4460.00 and $4490.00. A break below $4330.00 may expose deeper support at $4220.00, while a push above $4490.00 could indicate a broader bullish shift.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages suggest a bearish crossover occurred around $4400.00, reinforcing the short-term bearish momentum. On the daily chart, the 50-period MA is around $4350.00, the 100-period at $4320.00, and the 200-period near $4280.00, indicating a broader medium-term bullish trend but a bearish near-term bias.

MACD & RSI

The MACD line turned negative during the first half of the session, confirming bearish momentum, but remained in a moderate range. RSI is currently at around 50, suggesting a balanced market with neither overbought nor oversold conditions. A break above 55 could signal renewed bullish momentum.

Bollinger Bands

Volatility increased during the early hours, expanding the Bollinger Bands. The price moved near the lower band at $4171.00, then retraced toward the middle band, suggesting a possible short-term reversal. The current price of $4435.00 is near the middle band, indicating a potential consolidation phase.

Volume & Turnover

Volume spiked during the initial bearish move and again during the recovery phase, indicating active participation. The largest single 15-minute turnover was observed at $4472.00, with a 15-minute volume of 22.54 units. The volume pattern supports the price action, with no major divergences observed.

Fibonacci Retracements

The 38.2% and 61.8% retracement levels for the YFIUSDT swing from $4171.00 to $4494.00 are at $4352.00 and $4417.00, respectively. The current price is near the 38.2% level, suggesting a potential turning point if the price fails to reclaim higher levels.

Backtest Hypothesis

The current analysis is limited without access to the RSI data, which is essential for identifying overbought (RSI > 70) entry signals. If RSI data is available, a backtest could assess the effectiveness of entering short positions during overbought conditions. Alternatively, we could explore other momentum indicators such as Stochastic or Williams %R to fill the gap. If provided with RSI data or another indicator, the backtest can proceed immediately.