Cryptocurrency

YFI price jumps 20% to hit $25,000, days after trading around $7,500

DeFi token yearn.finance (YFI) jumped more than 20% as Bitcoin surged past $18,000, sparking enthusiasm across the crypto market. The token climbed from just above $21,000 to an intraday peak of $24,8

By Aubrey Swanson··1 min read
YFI price jumps 20% to hit $25,000, days after trading around $7,500

Key Points

  • DeFi token yearn.finance (YFI) jumped more than 20% as Bitcoin surged past $18,000, sparking enthusiasm across the crypto market.
  • The token climbed from just above $21,000 to an intraday peak of $24,8

DeFi token yearn.finance (YFI) jumped more than 20% as Bitcoin surged past $18,000, sparking enthusiasm across the crypto market. The token climbed from just above $21,000 to an intraday peak of $24,885, adding around $4,000 to its value. By the time of this report, YFI had retreated to around $23,400.

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The token may consolidate near current levels or pull back toward the $21,000-$22,000 band before testing resistance near $25,000. On the 4-hour chart, YFI has posted two red candles since breaking above a rising channel. The token trades above both its 20-day exponential moving average and 50-day simple moving average, which would offer support if sellers drive prices back toward the channel's upper boundary.

Daily support sits at the 20-day EMA ($16,635) and the 20-day SMA ($14,665). The daily RSI flashes a bearish signal, but buyers should maintain dominance as long as price remains above the trendline. YFI climbed from $7,500 two weeks ago to where it trades now, though the token remains well below its $44,000 all-time peak. If fundamentals hold and the broader DeFi sector maintains its bid, the next resistance zone spans $30,000 to $32,000.

Total value locked across DeFi protocols hit $13.4 billion, with YFI accounting for $414. Investors added 11% more capital to YFI over the past 24 hours. Yearn.finance remains smaller than SushiSwap, Aave, Uniswap, Compound, WBTC, and Maker, each holding more than $1 billion in TVL.

MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.

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