YFI price surged by a little over 47% in five days to $41,970 as traders rotated capital out of “top-cap” cryptocurrencies like Bitcoin and Ether and looked for short-term opportunities in the altcoin market.
On Dec. 16, the Yearn Finance team announced that they had purchased more than $7.5 million worth of YFI tokens from the open market at an average price of $26,651 per unit. They also revealed $45 million extra cash in their Treasury that they would use to continue their YFI buyback spree. Typically, a bearish divergence between price and volume leads to either correction or consolidation till conviction increases. As a result, the likelihood of YFI at least pausing its ongoing price rally is high, with its daily relative strength index also entering its overbought zone above 70, a sell signal.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Emefiele: CBN will improve access to finance, credit for households, SMEs in 2022 | TheCableThe Central Bank of Nigeria (CBN) says it will improve access to finance and credit for households, small and medium-sized enterprises (SMEs) in 2022. When is your tenure going to expire ffs Worst CBN Governor of all time; everything under the useless Buhari is remains the Worst
Baca lebih lajut »