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DAILY NOTION: Yearn.Finance Price Prediction: YFI Ready to Explode to $28,000 as Upward Pressure Builds Up

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Yearn.Finance's upward momentum has consistently developed since a bottom was called at $8,000.

The decentralized (YFI) token is likely to lift off to $28,000 as long as the crucial hurdle is shattered at $24,000.

YFI is still the most expensive cryptocurrency token in the market, despite Bitcoin rallying towards $18,000. The rebound from the bottom at $8,000 has been progressive so that barriers are frequently flipped into support levels.

At the time of writing, Yearn.Finance is trading at $23,510 while dealing with the selling pressure at $24,000. The crypto is trading above all the three simple moving averages; the 50 SMA, 100 SMA, and 200 SMA. In other words, the least resistance path is upwards, even ignoring the overbought condition as highlighted by the Relative Strength Index.

DAILY NOTION: Yearn.Finance Price Prediction: YFI Ready to Explode to $28,000 as Upward Pressure Builds Up

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https://www.fxstreet.com/crypt...

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