YFIUSDT Diverges at $2950 After Failed Rebound

Summary
• Price formed a bearish engulfing pattern near $3060, followed by a pullback to $2881.
• RSI and MACD show diverging momentum with price, suggesting potential exhaustion in both directions.
• Volume and turnover spiked during the early morning rebound, but failed to confirm a reversal.
• Bollinger Bands expanded during the downtrend, highlighting heightened volatility.
• A 61.8% Fibonacci retracement level at ~$2950 appears to be holding as a key near-term support.

The YFIUSDT pair opened at $2944.00 (12:00 ET − 1), reached a high of $3060.00, dropped to a low of $2857.00, and closed at $2940.00 as of 12:00 ET today. Total volume was 225.9359 and notional turnover hit $673,444.20 over the 24-hour window.

Price action was characterized by a strong push higher through $3060, followed by a sharp reversal and bearish breakdown below key prior support levels. A bearish engulfing pattern emerged during the peak of the rally, signaling possible exhaustion. While buyers attempted a rebound overnight, they faced resistance near the 61.8% Fibonacci retracement of the earlier move up.

Momentum indicators tell a mixed story. RSI dipped into oversold territory during the early morning low but failed to trigger a strong rebound, suggesting fading conviction. Meanwhile, MACD showed bearish divergence as prices bottomed, hinting that further consolidation or a test of the $2850 area may be ahead. Bollinger Bands widened as the move down unfolded, reflecting increased uncertainty and risk of extended volatility.

Looking ahead, a retest of the $2950–$2955 range appears likely, with a potential pivot toward either a short-term consolidation or a deeper pullback depending on order flow and broader macro conditions. Investors should remain cautious, as divergence in momentum indicators and thin volume support suggest a high likelihood of choppy near-term trading.