![]() ![]() ![]() contracts for difference (“CFDs”) is speculative and carries a high level of risk. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. According to the team, yETH gives investors an opportunity to spread their risk even as they look to boost their yield. The DeFi platform’s new product will allow exposure to a single token offering to multiple LSDs. Liquid staking involves the locking up of staked tokens in exchange for tokenised versions that holders can then use across decentralised finance, including as collateral at lending platforms, margin trading or yield generation. □ Get exposure to a basket of LSDs in one token. On Tuesday, the Yearn Finance developer team announced the platform was ready to unveil a liquid staking derivative (LSD) product for Ethereum. While YFI has given up some of the intraday gains, it is likely to see a fifth consecutive green candle and eye further gains if the market returns to bullish sentiment. The governance token’s price has been surging amid the latest positive news around it. Source: TradingViewĪs can be seen from the chart above, the Yearn Finance token traded as high as $10,405 on Binance as traders looked to buy YFI. Investing in or trading crypto assets comes with a risk of financial loss.YFI price has surged over the past few days to hit $10,405 on Binance. ![]() The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. The market sentiments regarding YFI price are slightly bearish because of which Yearn Finance might soon take a bearish correction. The YFI price is trading above its previous critical resistance while the major key averages are yet to cross the 200 EMA. The RSI curve is suggesting that it will soon start moving toward the oversold levels while the 14 SMA near the median line might provide support to it. Currently the RSI line is trading near 62 points while trading above the 14 SMA which is trading at 56 points. The RSI line is taking resistance from the oversold levels by 70 points. Its recent support level is $8177 and the second support is around the level of $7190 while its recent resistance is around the price of $10400. Yearn Finance price has recently crossed the 200 EMA and the bearish candle suggests that the price might soon take a bearish correction. ![]() The 20 EMA is making an upward curve which might intercept the 200 EMA and if YFI price takes resistance from the 200 EMA, its next support is near the 200 EMA. YFI price has recently given a breakout from the 200 EMA in late February while all the major indicators are currently trading below the 200 EMA. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |