yearn.finance (YFI): How Does it Rank Friday on Long-Term Trading Metrics?

Friday, February 24, 2023 03:42 PM | InvestorsObserver Analysts

yearn.finance receives a strong long-term technical score of 82 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. YFI currently holds a superior long-term technical analysis score than 82% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving yearn.finance a 82 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

The current trading price of $9,067.610000000 for YFI is $2,449.2200000 (37.01%) above the tokens 100-day moving average of $6,618.390000000. YFI meanwhile is $4,998.4700000 (222.57%) above its 52-week low of $4,069.140000000 and -$16,234.48000000 (35.80%) under its 52-week high price of $25,302.090000000. yearn.finance's current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 82. The price movement and range of YFI suggest that investors are neutral on the token at this time. yearn.finance has a total market value of $332,216,708.44 with an average average daily volume of $1,174,657,078.98 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, YFI's volume is below its average with $167,462,275.28 exchanged in total. 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 82 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).