YFI And YFII Prices Increased More Than 30% in the Last 24 Hours

25-Jun-2022 By: Anirudh Trivedi

YFI And YFII Prices Increased More Than 30% in the Last 24 Hours

According to CoinGabbar, Yearn.finance (YFI) is the most popular trending project. It is currently trading at about $6,976.15, up 27 percent over the last 24 hours and 56.23 percent over the last 7 days.

In addition to YFI's amazing climb, DFI.Money (YFII), the project's sister community token, has also made it to CoinGabbar's trending list. DFI.Money's price now stands at $1,503.05, which is a gain of 97.04 percent in value over the previous month. Additionally, it had a 239 percent spike over the previous week and a startling 56.29 percent increase over the previous day.

The actual extent of YFI's price change can be seen on the 4-hour chart for YFI/USDT, where it shot up from almost $5,000 to its present level in just one day. The price did, however, marginally retreat as it neared a significant resistance level on the daily chart.

The Relative Strength Index (RSI), which is approaching the RSI SMA and has a negative slope, suggests that the bullish movement may have reached its end. Additionally, given the current bear market in cryptocurrencies, the RSI cannot continue to stay in overbought territory for very long.

YFII has been able to surpass and hold above a crucial daily price level. On the 4-hour chart, the RSI is, however, extremely overbought, and a bearish flag is being formed by the RSI SMA line as it closes the gap between it and the RSI line.

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