Market Overview for yearn.finance/Tether (YFIUSDT) – 24-Hour Summary as of 2025-10-13

• Price opened at $4,865 and reached a high of $4,949 before closing at $4,890 amid moderate volatility.
• A bearish reversal pattern emerged after a bullish push in early evening trading.
• Volume and turnover declined toward the close, signaling weakening conviction in recent price action.
• RSI approached neutral territory, while MACD showed flattening momentum.
• Bollinger Bands widened in the afternoon, suggesting heightened uncertainty and potential range-bound trading ahead.

The yearn.finance/Tether pair (YFIUSDT) opened at $4,865 on 2025-10-12 at 12:00 ET and reached an intraday high of $4,949 before settling at $4,890 by 12:00 ET the following day. The 24-hour period recorded a total trading volume of 326.65 YFI and a notional turnover of $1,593,731 (based on weighted averages). Price action showed moderate volatility with a distinct bearish tilt after an initial bullish surge.

Structure and formations revealed a key resistance cluster between $4,900 and $4,949 and support around $4,865–$4,875. A bearish engulfing pattern formed in the 15-minute chart after a strong bullish candle in the early evening (19:30–19:45 ET), indicating potential reversal. A long lower wick in the 23:45–00:00 ET candle suggested defensive buying, but it failed to reverse the downward bias. These patterns may suggest a consolidation phase with a bearish bias if the $4,875 level is tested.

Moving averages on the 15-minute chart showed price dipping below the 20-period and 50-period lines toward the close, reinforcing the bearish momentum. On the daily chart, the 50-period and 200-period lines were closely aligned, indicating a neutral-to-bearish tone. MACD showed a narrowing histogram and a flattening line, signaling waning bullish energy, while RSI moved from overbought territory to neutral, further supporting the likelihood of a pullback.

Bollinger Bands expanded in the afternoon, reflecting increased volatility and uncertainty, particularly around 19:00–21:00 ET, when price fluctuated between $4,875 and $4,933. Price later retracted toward the mid-band, which may serve as a temporary floor. A contraction in the bands near the close could indicate a potential short-term range-bound phase. These conditions may support a test of the 38.2% Fibonacci retracement level at $4,884, with a 61.8% level at $4,858 as a possible short-term floor.

Volume and notional turnover were concentrated between $4,865 and $4,933, with the largest single candle (16:15–16:30 ET) seeing a turnover of $107,000. Toward the close, volume and turnover declined, with the 15-minute period from 11:15–11:30 ET marking a sharp drop-off to under $10,000 in notional value. This divergence between price and volume may indicate waning conviction among traders, with bears gaining control without a corresponding increase in turnover. A further pullback could test the 61.8% Fibonacci level at $4,858, and a sustained break below $4,850 may signal a larger downtrend.

Backtest Hypothesis

The backtesting strategy outlined focuses on identifying and acting on bearish engulfing candlestick patterns, which appeared in the data during the 15-minute OHLC timeframe. While the initial attempt to retrieve the necessary data for the YFIUSDT pair encountered technical limitations, alternative symbol paths or manual entry could allow for a precise execution of this backtest. Given the pattern’s appearance and the subsequent price movement, a short strategy triggered by the bearish engulfing pattern and held for 3 days could potentially capture a meaningful portion of the retracement observed in the following 24-hour window. The success of such a strategy would depend on confirming the data for the correct symbol and ensuring the use of a consistent and reliable OHLC dataset for YFIUSDT.