Here’s the Pivotal Yearn.finance (YFI) Support Analysts Are Watching Amid 30% Drop

Chart of YFI's price action over the past few weeks with analysis by crypto trader and chartist Mac (@MacnBTC on Twitter). Chart of YFI's price action over the past few weeks with analysis by crypto trader and chartist Edward Cleps (@TeddyCleps on Twitter).

Crypto fund Mechanism Capital, headed by prominent DeFi analyst Andrew Kang, recently made the following analysis of YFI, trying to frame it in a discounted cash flow model: “Our bullish DCF case yields prices of $241k and $315k, depending on whether a performance fee is applied to yToken revenue.” Featured Image from Shutterstock Price tags: YFIUSD, YFIBTC, YFIETH Charts from TradingView.com Here's the Pivotal Support Yearn.finance (YFI) Analysts Are Watching Amid 30% Drop

Timeline of Yearn-finance