Yearn Finance’s YFI Reclaims $40K after Coinbase Listing

Yearn Finance’s YFI Reclaims $40K after Coinbase Listing


Yearn Finance’s governance token, YFI, closed above $40,000 during the early trading session on Monday.

The YFI/USD exchange rate established an intraday high at circa $42,425 following a 13.74 percent rally. The strong upside move appeared despite a lackluster bullish trend elsewhere, with top cryptocurrencies Bitcoin and Ethereum trading under the weight of sellers.

YFI too experienced a sell-off near its session top. Traders booked their intraday profits, causing the cryptocurrency to plunge lower by 8.50 percent during the European session. Nevertheless, a support level lurking around $38,990 protected the price from falling anywhere lower.

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yfi, yearn finance, cryptocurrency, DeFi, decentralized finance, yield farming, yfiusdt, yfiusd

Yearn Finance is looking to reclaim its all-time high. Source: TradingView.com Yearn Finance is looking to reclaim its all-time high. Source: TradingView.com

YFI/USD reclaimed

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