Summary
• Price tested key support at 3355, rebounded to form bullish reversal patterns in early hours.
• Volatility surged post-05:15 ET as
pierced above 3427 and extended to 3514.
• MACD crossed into positive territory with strong bullish divergence in RSI.
• 20-period EMA provided dynamic support during pullbacks, with price maintaining above 50-period EMA.
24-Hour Performance
Yearn.finance/Tether (YFIUSDT) opened at 3398 and traded between 3351 and 3521 before closing at 3498 at 12:00 ET. Total volume for the 24-hour window was 148.04572, with notional turnover of 504,786.68 USDT.
Structure & Formations
A key support level at 3355 held firm, triggering a bullish reversal pattern in the early hours. Later, the price broke above the prior high of 3427, forming a clear bullish continuation pattern. A bullish engulfing candle emerged at 3402-3403 (02:15–02:30 ET), followed by a strong move to 3514 by mid-afternoon.
Technical Indicators
The 20-period EMA provided dynamic support during dips, and the 50-period EMA remained below price action, suggesting an ongoing bullish trend. MACD crossed into positive territory with a strong histogram. RSI showed no overbought conditions despite the rally, indicating sustained momentum.
Volatility and Bollinger Bands
Volatility expanded sharply after 05:15 ET, with the price breaking out above the upper Bollinger Band as it pushed toward 3514. The expansion suggests increasing conviction among traders and potential for further upside, though a contraction may follow.
Volume and Turnover
Volume surged during the breakout above 3427, peaking at 10.41711 in the 13:45–14:00 ET period as the pair reached 3476. Turnover also spiked in line with price action, showing strong confirmation rather than divergence.
Looking Ahead
The 3498 close suggests a potential continuation of the bullish trend, with 3500–3525 as the next likely target. A pullback to 3460–3470 could test near-term buyers, but risks are limited to a possible pullback below 3440. Investors should monitor the 3427 level for potential support or renewed volatility.
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