Yearn.finance (YFI) Rallies 50% from Recent Lows as Bulls Take Control

Yearn.finance (YFI) Rallies 50% from Recent Lows as Bulls Take Control


Yearn.finance’s governance token – YFI – has been subjected to immense turbulence throughout the past few days and weeks, with its recent capitulatory downturn resulting in a sharp rebound that sent its price up 50% from its lows.

The intensity of this movement has been great, potentially marking its recent lows as a long-term bottom.

The price turbulence is emblematic of degrading sentiment within the community. The exit of a key member coupled with growing animosity towards the Yearn founder has caused many investors to jump ship.

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The ecosystem itself, however, remains incredibly strong, and its recent selloff may have brought it down into heavily oversold territory as a result of an emotional and knee-jerk reaction from sellers.

One analyst is now noting that serious upside could be imminent for YFI due to its ability to reclaim the support that was lost within the $15,000 region.

He believes that a sustained bout of trading above this level could be

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