Yearn.Finance (YFI) Flies 15% Percent From Local Price Floor, Fractal Targets $60K+
The crypto token has bounced over 15% from its local bottom, but a fractal playing out could send YFI flying high to another new record. YFIUSD 4H Support and Resistance Flip | Source: TradingView
After a pullback, and follow up rally thanks to a listing on Coinbase, Yearn.Finance is back retesting the resistance level it punched through on the way back on up.
YFI Could Target New All-Time High If Fractal Follows And MACD Crossover Completes
In addition to the DeFi token holding support, Yearn.Finance is also showing similar signs as the last time support was reclaimed. Related Reading | DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%
A recovery in YFI, could also help lift the rest of the falling crypto space including other DeFi darlings like Chainlink, Binance Coin, and others.
