$YFI YFI/USDT: Massive Bullish Momentum 🚀

The daily chart for YFI/USDT is screaming “bullish breakout” with strong fundamentals and technicals aligning perfectly for a continued upward move.

Key Observations:

1. Price Explosion:

• YFI has surged past $11,900, posting a stunning +17% gain in 24 hours.

2. Break of Key Resistance:

• The breakout above $10,500 confirms bullish sentiment, turning previous resistance into strong support.

3. RSI Overbought:

• The RSI (6) sits at 96, indicating extreme momentum. While overbought, YFI historically thrives under these conditions in strong trends.

4. MACD and Volume:

• The MACD is at its highest bullish level, with consistent green volume bars showing sustained buying interest.

5. Golden Cross on Moving Averages:

• The MA(5) and MA(10) have formed a golden cross above longer-term averages, further confirming bullish continuation.

Next Targets:

• Short-term resistance: $12,500

• Breakout target: $15,000

Strategy:

• Stay Long: The momentum is clear, and breaking above $12,000 will likely push YFI higher.

• Trail Stops: Protect profits by moving your stop-loss up to $11,000.

• Scaling in: Consider adding positions on dips near $11,500.

YFI is proving its strength in this bull cycle. Ride the wave, and let’s aim for new highs! What’s your view on the next target? Let’s discuss! 🚀