yearn.finance (YFI): Does it Score Poorly on Long-Term Trading Metrics Wednesday?

Wednesday, January 05, 2022 03:05 PM | InvestorsObserver Analysts

InvestorsObserver gives yearn.finance a strong long-term technical score of 95 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. YFI at this time has a superior long-term technical analysis score than 95% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving yearn.finance a 95 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on yearn.finance!

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Trading Analysis

yearn.finance's price is $3,280.6300000 (10.43%) above its 100-day moving average price of $31,460.150000000 as its price at the moment sits at $34,740.780000000. Additionally, YFI is $16,174.7800000 (187.06%) higher than its 52-week low price of $18,566.000000000 while -$58,694.75000000 (37.17%) under its 52-week high of $93,435.530000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives YFI a strong long-term technical score of 95. Long-term trading movement of yearn.finance suggest that investors are neutral on the token at the moment. yearn.finance has a market capitalization of $1,272,822,919.20 and a relatively high average daily volume with $2,462,797,373.67 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, YFI's volume is below its seven day average with 319,646,664.91 exchanged. This token's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

Trading patterns over the last year for yearn.finance leads to the token's a strong long-term technical score of 95 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on yearn.finance (YFI).