Market Overview for yearn.finance/Tether (YFIUSDT)

Summary
• Price drifted lower on the 5-minute chart, testing key support levels.
• Volume spiked during the sharp drop after 00:15 UTC.
• RSI showed oversold conditions near 3285, suggesting potential for a rebound.
• Bollinger Bands expanded, reflecting increased volatility.

Market Overview

yearn.finance/Tether (YFIUSDT) opened at $3308.00 on 2025-12-30 at 12:00 ET and closed at $3288.00 on 2025-12-31 at 12:00 ET. The pair reached a high of $3324.00 and a low of $3261.00 during the 24-hour window. Total volume amounted to 163.16 YFI, with a notional turnover of $541,171.45.

Price action displayed a broad, bearish drift over the 24-hour period, with multiple tests of the 3290–3300 cluster as a key support zone. The most aggressive bearish move occurred from 00:15 to 02:00 UTC, where price dropped nearly 100 points amid rising volume. This move was confirmed by bearish divergences in both volume and turnover, and was accompanied by a bearish engulfing pattern as price broke below a key 5-minute swing low.

Structure & Formations

Price broke below a key 5-minute-level support near 3294 at 00:15 UTC, followed by a series of lower highs and lower closes. Notable bearish patterns include a bearish engulfing candle at the start of the downward leg and a deep rejection of the 3290–3300 range, which had previously acted as both support and consolidation. The price appears to have broken the descending triangle pattern that had formed on the 5-minute chart earlier in the day.

Moving Averages

On the 5-minute chart, price remained below the 20 and 50-period moving averages throughout the session, reinforcing the bearish bias. The 20SMA and 50SMA are converging downward, suggesting further pressure may continue unless price reclaims 3310. On the daily chart, price is below the 50, 100, and 200-day moving averages, indicating a broader bearish trend.

MACD & RSI

The MACD turned negative and remained in bearish territory for most of the session, with a negative histogram that widened during the sharp drop after 00:15 UTC. RSI reached an oversold level near 3285 (RSI ~29), suggesting potential for a short-term bounce, though a sustained rebound would need to push above the 3300–3310 range to signal a shift in momentum.

Bollinger Bands

Bollinger Bands widened significantly during the bearish move, reflecting increased volatility. Price closed near the lower band of the 20-period BB, indicating exhaustion in the downside move and a possible near-term reversal. However, until a clear bullish candle closes above the 3300 psychological level, the downtrend remains intact.

Volume & Turnover

Volume spiked during the 00:15–02:00 UTC window, confirming the bearish breakdown. Notional turnover also surged during this period, aligning with price action. However, a divergence between volume and price was observed in the last 2 hours, where volume declined despite continued selling pressure, suggesting a possible short-term pause in the bearish move.

Fibonacci Retracements

The recent 5-minute swing from 3324 to 3261 showed price finding temporary support at the 38.2% retracement level (3293), before continuing lower. On the daily chart, the 61.8% retracement of the prior major bull move aligns with current price levels, suggesting potential for a continuation of the decline unless buyers take control above 3300.

In the next 24 hours, a test of the 3290–3300 range may provide a short-term bounce, but a sustained break below 3275 would likely trigger a deeper correction toward 3250. Investors should monitor volume and RSI for signs of a reversal or exhaustion in the bearish momentum.