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

Summary
• Price advanced from 3388.0 to 3573.0, forming bullish patterns and breaching key resistance.
• Momentum accelerated with RSI rising above 50 and MACD signaling positive divergence.
• Volatility expanded as price traded above upper Bollinger Bands in final hours.
• Turnover spiked to $129,487K during late ET hours, confirming strong accumulation.
• Fibonacci levels at 3520.0 and 3585.0 appear to guide short-term direction.

The yearn.finance/Tether pair (YFIUSDT) opened at 3388.0 on 2026-01-16 at 12:00 ET, reached a high of 3701.0, a low of 3362.0, and closed at 3573.0 on 2026-01-17 at 12:00 ET. Total volume over 24 hours was 21.14501 YFI, with a notional turnover of $73,200K.

Structure & Formations

The 24-hour chart displayed a strong bullish bias, with key support levels forming at 3442.0 and 3460.0, and clear resistance levels at 3480.0 and 3511.0. A bullish engulfing pattern appeared after the price retested the 3460.0 level, followed by a sharp rally to 3511.0. A large bullish candle formed around 09:00–09:45 ET as price broke out of a consolidation range.

Indicators & Momentum

The RSI climbed above 50 early in the session and remained elevated, indicating growing buying pressure. MACD lines crossed above the signal line and remained positive, suggesting ongoing upward momentum. Price action and momentum appeared aligned, with no notable divergence.

Volatility and Bollinger Bands

Volatility expanded as the price moved above the upper Bollinger Band for much of the session, particularly during the late ET hours. The Bollinger Band width increased significantly between 09:00–11:00 ET, signaling growing conviction in the upward move.

Volume and Turnover

Volume spiked during the late ET hours, with a massive 21.145 YFI traded at 03:00 ET, coinciding with a sharp 3460.0–3483.0 move. Turnover also surged, reaching $73,200K in the same period. Volume and price action were well-aligned, suggesting strong institutional accumulation.

Fibonacci Retracements

Fibonacci levels derived from the 3362.0–3483.0 swing provided key reference points. Price stalled briefly near the 61.8% retracement at 3420.0 before surging above 3511.0, a 78.6% level. A retest of the 3520.0–3550.0 range could provide further directional clues.

Looking ahead, the next 24 hours could see a test of the 3600.0–3630.0 level, with potential for a pullback to 3520.0. Investors should monitor volume and RSI for signs of overbought conditions. As with all crypto assets, sudden market shifts and macroeconomic news could alter this trajectory.