YEARN FINANCE Token Report
Yearn.finance serves as a consolidating platform catering to decentralized finance (DeFi) investors, employing automation to help them optimize their returns through yield farming. The objective is to streamline the intricate DeFi landscape for individuals who lack technical expertise or prefer a less involved approach compared to dedicated traders, allowing for a more accessible and user-friendly experience.
YFi is ranked #232 with a market capitalization of nearly $221 million. The current market price of the token is 6,632 USDT
On the daily time-frame, the YFI/USDT trend had been traversing within a declining triangle pattern. The trend has now broken above the pattern with a bullish price momentum. An immediate support is expected at 6,111 USDT and next resistance is expected at 7,350 USDT.
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