yearn.finance Price Prediction: 2024, 2025, 2030

YFI price prediction: Key highlights

1. Primary support and resistance levels

• An examination of the weekly chart points to $4,712 as the lowest probable support.
• The highest resistance level was marked at $10,012.

2. Market sentiment

• The dominant market sentiment is seen to be bearish in July 2024.

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, the average price of YFI is projected to be around $200,000 in 2028, with a future increase to more than $1 million in 2031.

Given below is a comprehensive weekly technical analysis of YFI, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

YFI technical analysis: Lost gains turn the market red

YFI’s ups and downs have led to its widespread interest. The price movements present a compelling narrative over the past year, laying a foundation for an insightful Yearn.finance price prediction for 2024.

Starting in July, the bullish attempts to rally faced considerable resistance at $7,232. The inability to move past this level triggered a downturn to its yearly low support of $5,056 in mid-August.

The narrative took a turn in mid-October when a bullish rally sought to rejuvenate YFI's market position. This momentum continued into November, propelling the altcoin above previous resistance levels to test the highest chart barrier at $10,012 mid-month.  

The period marked a significant surge in the token's value, with an almost 170% increase in price. However, the token crashed. A detailed examination of the futures data revealed a 40% rise in open interest. This hinted at the opening of short positions as a possible catalyst for the movement. 

As reported by CoinMarketCap, the sell-off wiped $300 million in market capitalization. This significant downturn sparked a wave of fear, uncertainty, and doubt (FUD) within the cryptocurrency community.

Despite this, bulls attempted to maintain footing at $7,232 in the new year. After a brief dip below this level towards the end of January, a subsequent rally was observed the next month. This drove the asset to peak resistance once more in March. However, like the previous attempt, YFI proceeded to move southwards.
 

The downtrend intensified in April when a substantial drop reinstated $7,232 as resistance. Subsequently, the price consolidated, vying to break past this resistance while holding its base at $6,532.

After two months, the market’s remaining buying strength drained as a bearish breakdown pulled the price to $5,606. At the time of writing, the asset was trading at $5,870.

The current support level remains under constant threat, and there is a high probability of more declines. If it fails to hold, YFI might return to the yearly low. Moreover, a break below can even drive the price to the lowest established support of $4,712.
 

If the bulls enter the market again, renewed buying pressure can elevate the price to retest $7,232. Overcoming this would tip the scales in buyers’ favor. Consistent rallies over this level can flip the peak resistance into a base for further upside. 

In this case, there's a significant potential for the price of YFI to rise sharply, possibly reaching as high as $18,000. This upward trajectory could even push the valuation towards the $20,000 mark, placing it within a realistic range of achievement for the asset. 
 

Looking ahead, long-term projections from predictive models suggest a bright future for YFI. The average price is forecasted to be around $200,000 by 2028. Even more optimistic is the projection for 2031, where YFI's price is anticipated to surge beyond $1 million.

YFI's 2024 roadmap: Key indicators to watch and trade

• The trading volume remained predominantly low. A significant increase was observed in mid-November, followed by another modest uptick from mid-February. These quickly subsided, reflecting a general disinterest from investors.
• An observation of the Directional Movement Index (DMI) revealed that the -DI line initially remained dominant. Moreover, towards the end of August, the ADX line crossed above the +DI line.
• In mid-October, the -DI line declined as the +DI line surged, taking the lead by November above the ADX and -DI lines. This was preceded by the ADX line surpassing the -DI line. Furthermore, the ADX line claimed the top spot by January, but this reversed in March when the -DI line rose, diverging from the other lines. 
• It overtook the +DI line between late April and mid-May. Following a brief drop, it decisively moved over the +DI and ADX lines in late May and early June, respectively. At the time of writing, the values were the -DI line at 20.9699,  the ADX line at 18.2877, and the +DI line at 17.6941. This proximity of the last two pointed to a weak but overall dominant bearish sentiment.
• The 50 and 20-week Exponential Moving Averages (EMAs) acted as price barriers until November. As YFI dropped after rejection at the peak chart resistance, the candles moved below the 50 EMA in January and briefly below the 20 EMA later during the month. 
• However, the price reclaimed its position over both EMAs by mid-February. A golden cross formed in March, but a subsequent rejection again placed the EMAs above the price. Moreover, a death cross in late April validated the downtrend.