Market Overview: Yearn.finance/Tether (YFIUSDT) - 24-Hour Analysis

Summary• YFIUSDT declined sharply from $5033 to $4792 over 24 hours.• Volatility expanded with a range of $250 as Bollinger Bands widened.• Volume surged in the final 6 hours, indicating increased bearish pressure.• RSI dipped below 30, suggesting potential oversold conditions.• A Bearish Engulfing pattern formed near $4900, signaling a short-term reversal risk.

Opening Narrative

Yearn.finance/Tether (YFIUSDT) opened at $4901 on 2025-11-10 at 12:00 ET, peaked at $5033, and closed at $4822 by 12:00 ET on 2025-11-11. Total volume for the 24-hour period was 449.22 units, with a notional turnover of $2,152,593.

Structure & Formations

The YFIUSDT pair experienced a broad bearish trend over 24 hours, with price dropping below key resistance levels at $5000 and $4900. A notable Bearish Engulfing pattern formed at $4900 on 2025-11-10 at 17:00 ET, suggesting a short-term top. A large bearish candle with a high of $5033 and close of $4994 around 02:45 ET marked a significant reversal from earlier bullish momentum. Price found temporary support at $4900 and $4850, but failed to retest those areas after 05:00 ET, indicating bearish exhaustion or lack of follow-through buying.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended lower throughout the session, reinforcing the bearish bias. The daily chart (50/100/200 EMA) showed the price closing below all three averages, confirming a medium-term downtrend and potential continuation of bearish sentiment.

MACD & RSI

MACD showed a bearish crossover with the line dipping below the signal line and negative divergence forming in the final 2 hours of the session. RSI fell below 30 in the last 4 hours, indicating oversold conditions and potential for a short-term bounce or consolidation. However, without a strong bullish reversal candle or volume confirmation, a continuation of the downtrend remains probable.

Bollinger Bands

Volatility expanded significantly throughout the session, with the upper band peaking at $5045 and the lower band reaching $4815. Price remained near the lower band for most of the session, especially after 05:00 ET, suggesting a bearish bias and possible exhaustion of the sell-off. A contraction in the bands may be observed if the price consolidates in the next 24 hours.

Volume & Turnover

Volume spiked to $106,039.67 at 02:45 ET and $55,255.69 at 03:30 ET, aligning with major price swings. However, the volume failed to confirm a bullish reversal after the $4900 level, suggesting weak buying pressure. Notional turnover was highest in the hours following the Bearish Engulfing pattern, supporting the bearish narrative.

Fibonacci Retracements

A key retracement level at 61.8% (around $4900) held for a short time but failed to support the price. A 38.2% level at $4960 was tested twice but also rejected. In the daily chart, the 50% retracement of the recent bearish move could provide a potential support zone at $4790, where a short-term bounce might occur.

Backtest Hypothesis

Based on the Bearish Engulfing pattern observed at $4900 and the weak volume confirmation of potential bounces, a short entry strategy may be tested. Assuming a “short on next bar open” approach with a target of 5% profit and a 5% stop-loss, a backtest could evaluate the performance of this setup on a basket of high-volatility pairs such as YFIUSDT. The exit could be based on a 5-day holding period or reversal confirmation from candlestick formations like a bullish engulfing or hammer. The close price should be used for both entry and exit calculations to ensure consistency with typical candle-based strategies.