Yearn.finance’s YFI has been one of the most volatile crypto assets of recent days. According to data from TradingView, the <span class="wpg-tooltip-term-title">Coin</span></h3><div class="wpg-tooltip-content">A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens which have the potential of software being built with them.<p class="wpg-read-more"><a href="https://www.newsbtc.com/dictionary/coin/">» Read more</a><p></div>”>coin has traded in an $8,000 range over the past four days.
After declining from the $19,000 local highs, the cryptocurrency recently underwent a 15% bounce at $15,000 that brought it just shy of $18,000.
While $15,000 is a pivotal level for YFI on a macro scale, not everyone is certain that this ongoing relief rally will persist.
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Not Everyone Is Convinced of YFI’s Recent Price Action
While Yearn.finance has bounced decisively off two technical levels: $12,000 and $15,000, not all analysts are convinced by the ongoing uptrend.
Crypto-asset trader Sean Nance recently noted that he opened a YFI short because data indicates that “buyers are not present in this move up.”
He shared the chart below to convey this belief: it shows that while YFI is pushing higher, the CVD ratio has pressed lower, forming a bearish divergence. The chart also shows that the <span class="wpg-tooltip-term-title">Coin</span></h3><div class="wpg-tooltip-content">A coin is a unit of digital value. When describing cryptocurrencies, they are built using the bitcoin technology and have no other value unlike tokens