Market Overview: Yearn.Finance/Tether (YFIUSDT) — 24-Hour Action Summary

Summary
• Price dropped from a 24-hour high of $4,918 to a low of $4,760 before consolidating near $4,890.
• Negative momentum picked up in the first half of the day, with RSI signaling oversold conditions.
• Volume surged late in the session as buyers intervened around key support levels.

The yearn.finance/Tether (YFIUSDT) pair opened at $4,880 on 2025-11-11 12:00 ET and reached a high of $4,918 before hitting a 24-hour low of $4,760. It closed at $4,890 at 12:00 ET on 2025-11-12. Total volume for the 24-hour window was 203.55587, while notional turnover (amount in USDT) reached $968,735, indicating a period of heightened interest and short-term volatility.

The 15-minute chart displayed a bearish breakdown pattern, with the price forming a series of bearish engulfing patterns and a long lower shadow at the daily low. These signals suggest a key psychological support level was tested and partially held, reinforcing the $4,850–$4,870 zone as a potential floor. The 20-period and 50-period moving averages have begun to converge toward the current price, signaling possible exhaustion in the downward trend.

MACD showed bearish momentum through the first half of the day but began to show signs of divergence with price near the 24-hour low. RSI reached oversold territory below 30, which may indicate a possible reversal or a pause in the downward move. Bollinger Bands widened during the session, reflecting increased volatility, with the price bouncing off the lower band and closing near the 50-period moving average.

Volume increased dramatically during the final hours of the session as buyers entered near the $4,760 low. This surge in volume, coupled with a narrowing price range in the last few hours, suggests a potential short-term consolidation phase may be emerging. On Fibonacci retracement levels, the 61.8% retracement level at around $4,880 aligned well with the price’s closing position, hinting at strong internal support.

The price appears to be stabilizing around key retracement levels, and a break above $4,910 would signal a potential resumption of bullish momentum. Investors may watch for confirmation of a reversal candlestick pattern near this range to gauge the strength of the counter-trend.

Backtest Hypothesis
A backtesting strategy called the “Bearish Engulfing Short Strategy” has been evaluated on YFIUSDT using daily data from 2022-01-01 to 2025-11-12. The strategy involves shorting on days where a bearish engulfing candle pattern is confirmed, with an 8% stop-loss and execution at the next-day close. The interactive module provides a performance overview, including equity curves and trade breakdowns. This aligns with today's bearish engulfing formation, offering a testable approach to capitalizing on such patterns within a defined risk framework.