Market Overview for yearn.finance/Tether (YFIUSDT) – 24-Hour Analysis

• YFIUSDT declined by ~9.4% over 24 hours, closing near a key support level at 5390.
• Volatility expanded significantly, with a 24-hour range of $199.
• RSI and MACD signaled bearish momentum, with price below 50-period and 20-period moving averages.
• Bollinger Bands showed price near the lower band, suggesting potential oversold conditions.
• Notional turnover increased midday, coinciding with a sharp selloff into the 5340–5360 range.

Opening Summary

yearn.finance/Tether (YFIUSDT) opened at $5558.0 on 2025-09-18 12:00 ET and closed at $5392.0 on 2025-09-19 12:00 ET, hitting a high of $5584.0 and a low of $5340.0. Total 24-hour trading volume amounted to 113.57 BTC-equivalent (sum of all amount entries), with notional turnover of approximately $632,000 (calculated using volume and average price).

Structure & Formations

Price action over the past 24 hours displayed a bearish continuation pattern, with a clear breakdown from the 5550–5570 consolidation range into a new low. Key support levels formed at 5390, 5360, and 5340, with the 5340 level now testing as a potential short-term floor. A bearish engulfing pattern emerged around 2025-09-19 15:15 ET, as price gapped down from 5390 to 5343, confirming a significant shift in sentiment. A doji appeared near 5400 late in the session, suggesting temporary indecision.

Technical Indicators

MACD showed bearish divergence, with a strong negative crossover and declining histogram, reinforcing the bearish bias. RSI dipped into oversold territory (below 30) during the selloff into the 5340–5360 range, indicating potential for a short-term bounce, though this may be bearish in a strong downtrend. On the 15-minute chart, the 20-period MA was below the 50-period MA, confirming bearish momentum. The daily 50, 100, and 200-period MAs were also in a downward sequence, suggesting a bearish trend remains intact.

Bollinger Bands and Volatility

Volatility expanded during the selloff, with Bollinger Bands widening between 5570 and 5390. Price spent most of the day near the lower band, signaling oversold conditions. A contraction in volatility occurred briefly before the breakdown, suggesting a potential breakout was in play. Price may now consolidate near the lower band, with a possible test of the 5340–5360 support cluster.

Volume and Turnover Analysis

Volume increased significantly during the 15:15–15:30 ET window, when price dropped from 5390 to 5363, confirming the bearish move. Turnover spiked during this period as well, aligning with the price action. However, volume during the final hours showed a slight decline, which could signal exhaustion in the current leg of the move. A divergence between price and volume in the next 24 hours may hint at a potential reversal or consolidation.

Backtest Hypothesis

Given the current bearish setup, a potential backtesting strategy could involve a short entry at the breakdown of 5390, with a stop above the 5410–5420 resistance zone. A target of 5300–5250 would align with the 61.8% Fibonacci retracement level of the prior 200-point swing. This hypothesis aligns with the bearish MACD, RSI divergence, and the breakdown of key support. However, the doji near 5400 suggests a short-term bounce could occur, which may offer a safer entry after a pullback.