YFI -1.82% in 24 Hours Amidst Volatile Technical Setup

On NOV 9 2025, YFI dropped by 1.82% within 24 hours to reach $4810, YFI rose by 10.5% within 7 days, rose by 1.53% within 1 month, and dropped by 40.21% within 1 year.

The recent decline in YFI reflects a broader bearish sentiment among traders, despite its positive short-term performance over the past seven days. The price action suggests a continuation pattern amid a volatile technical environment. Analysts project that the market is currently at a critical juncture, where short-term bullish momentum faces a test against medium-term bearish pressure.

Key technical indicators highlight this tension. The 50-day and 200-day Simple Moving Averages are trending lower, suggesting a long-term bearish bias. Meanwhile, the Relative Strength Index (RSI) has recently moved back into neutral territory, indicating potential exhaustion in the recent downtrend. However, the MACD histogram is still negative, signaling that downward momentum remains intact.

The on-balance volume (OBV) has shown a modest improvement in recent days, indicating some accumulation activity in the market. This could hint at a potential near-term bottoming process. However, the absence of a clear breakout above key resistance levels suggests that bulls are hesitant to commit capital at higher prices.

Backtest Hypothesis

To evaluate the potential effectiveness of a trading strategy aligned with the current technical setup, a backtest could be conducted using a combination of moving average crossovers and RSI levels as entry and exit signals. A long-entry rule could be based on a golden cross (50-day SMA crossing above 200-day SMA), while a short-entry rule could be triggered when the RSI moves below 30. Exit conditions could involve a fixed holding period or a stop-loss at a predefined percentage. This approach aims to capture the directional momentum while managing risk through defined thresholds.