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Will Yearn Finance favor bulls in the coming days? Look at YFI’s history first

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ambcrypto.com

On 3 March, most cryptocurrencies reported losses, but Yearn Finance (YFI) appears to have broken free from the general trend.

The price movement indicated that it was trading profitably, adding to the days when it had closed trades profitably.Realistic or not, here’s YFI’s market cap in BTC’s terms On a daily time frame chart, Yearn Finance (YFI), at press time, was trading at roughly $10,900.

It was trading at a profit of more than 2%, marking the third consecutive day it had done so. Except for one day, it had traded profitably for the previous six days, bringing its overall gain to approximately 18%.Source: TradingView YFI had entered the overbought area due to the enormous price spike it was experiencing.

Yearn Finance’s Relative Strength Index (RSI) line was over 70, suggesting a strong bull trend (YFI). As seen by the On Balance Volume, there was also a hint of price and volume convergence (OBV).

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