$YFI
🚀 Technical Analysis of YFI/USDT on Binance 🚀
📉 Current Price: $11,587 (-2.72% change)
The YFI/USDT pair has been showing a slight downtrend. Let’s dive into the key technical levels and identify the targets 🎯 to watch in the coming hours:
📈 Key Levels to Watch:
1. Target 1: Resistance at $12,316 🔝
The 24-hour high of $12,316 serves as a critical resistance level. If the price manages to break above this level with strong volume, we could see further upside. A breakout above $12,316 may signal a continuation of the bullish trend.
2. Target 2: Support at $11,230 📉
On the downside, $11,230 is a key support level. A price drop to this level could provide a solid entry point if the support holds. Watch for any signs of a bounce here, as it could indicate a potential reversal back toward higher levels.
3. Target 3: Parabolic SAR at $11,904 🌟
The Parabolic SAR currently sits at $11,904, suggesting a potential shift in trend direction if the price approaches this level. If the price tests this level and fails to break above it, we could see a continuation of the downward momentum.
📊 Additional Insights:
24h High: $12,316
24h Low: $11,230
24h Volume (YFI): 1,815.56 YFI
24h Volume (USDT): 21.26M USDT
Moving Averages (MA):
MA(5): $9,028.52
MA(10): $13,865.18
🚀 Conclusion:
The YFI/USDT pair is currently facing downward pressure but is still within a range. Key levels to monitor are $12,316 for resistance and $11,230 for support. A potential reversal could occur if the price bounces from the support zone, while a break above $12,316 could signal further bullish momentum. Watch the Parabolic SAR at $11,904 for possible trend shifts.
💡 Disclaimer: This is not financial advice. Always conduct your own research (DYOR) before making any trading decisions.
