Yearn Finance (YFI) Price Prediction 2022 – Will YFI Hit $30K Soon?

• Bullish Yearn Finance  price prediction is $11418 to $25366
• Yearn Finance  (YFI) price might also reach $30K soon.
• Bearish Yearn Finance   price prediction for 2022 is $4032.

In Yearn Finance (YFI) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about YFI to analyze the future movement of the cryptocurrency. 

Yearn Finance (YFI) Current Market Status

According to CoinGecko, the price of Yearn Finance  (YFI) is $14.20 with a 24-hour trading volume of   $53,416,779 at the time of writing. However, Yearn Finance  has decreased by nearly 1.8% in the last 24 hours.

Moreover, Yearn Finance  (YFI) has a circulating supply of 31,561   Yearn Finance .Currently, Yearn Finance  (YFI) trades in cryptocurrency exchanges such as Binance, Coinbase Exchange,  FMFW.io, OKX, OKX.

What is Yearn Finance (YFI)?

Using automation, Yearn.finance serves as an aggregator for DeFi investors, allowing them to get the most out of their investment in yield farming. As the DeFi market continues to grow, it aims to make it easier and more accessible for investors who aren’t tech-savvy or who choose to engage in a less committed way than serious traders. For the larger investor community, Yearn.finance aims to simplify DeFi investing and activities like yield farming.

Yearn Finance (YFI) Price Prediction 2022

Yearn Finance (YFI) holds the 137th position on CoinGecko right now. YFI price prediction 2022 is explained below with a daily time frame.

The above chart of Yearn Finance  (YFI) laid out an Descending Broadening Wedge Pattern. A descending expanding wedge is an indication of bullishness . It is created by two bullish lines that diverge. Validity of a descending broadening wedge is determined by how well the wedge oscillates between the two upward lines. The resistance line is above, while the support line is below.

Currently, Yearn Finance  (YFI) is in the range of $9726 If the pattern continues, the price of Yearn Finance   might reach the resistance levels of $10817, $14100,$25678 and  $41209. If the trend reverses, then the price of Yearn Finance  may fall to $7999, $5432 and $3887.

Yearn Finance (YFI) Support and Resistance Levels

The chart below shows the support and resistance levels of Yearn Finance (YFI).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Yearn Finance (YFI).

Resistance Level 1	$11418
Resistance Level 2	$16003
Resistance Level 3	$25366
Support Level 1	$7254
Support Level 2	$4032

The charts show that Yearn Finance  (YFI)  has performed a bullish trend over the past month. If this trend continues, Yearn Finance  might run along with the bulls overtaking its resistance level at $25366

Accordingly, if the investors turn against crypto, the price of Yearn Finance  (YFI)  might plummet to almost  – $4032, a bearish signal.

Yearn Finance (YFI) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Yearn Finance  (YFI) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of Yearn Finance  lies below the cutoff line, indicating weak participants in the current trend.

Also, the Moving Average (MA) of Yearn Finance  (YFI) is shown in the chart above. Notably,  Yearn Finance  (YFI) price lies above 50 MA (short-term), so it is  in an uptrend. Currently, Yearn Finance  has entered a bullish state. Therefore, there is a possibility of a reversal trend of Yearn Finance  at any time.

Meanwhile, the relative strength index (RSI) of the Yearn Finance  is 50.06. This means that Yearn Finance  (YFI) is in an overbought state. However, this means a major price reversal of Yearn Finance  may occur in the upcoming days. So, traders need to trade carefully. 

Yearn Finance (YFI) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Yearn Finance (YFI). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Yearn Finance  (YFI). Currently, the ADX of Yearn Finance  lies in the range of 16 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of Yearn Finance  (YFI). RVI measures the constant deviation of price changes over a period of time. The RVI of Yearn Finance  lies below 50, indicating low volatility. In fact, the RSI of Yearn Finance  (YFI) is at 50.06 thus confirming a potential sell signal.

Comparison of YFI with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Yearn Finance (YFI).

From the above chart, it can be interpreted that ETH, BTC, and YFI are moving in a similar trend. This indicates that when the price of BTC and ETH  increases or decreases, the price of YFI also increases or decreases respectively.

Yearn Finance (YFI) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Yearn Finance (YFI) might probably attain $35K by 2023.

Yearn Finance (YFI) Price Prediction 2024

With several upgrades in the network, Yearn Finance (YFI) might enter a bullish trajectory. If the coin grabs the attention of major investors, YFI might rally to hit $40 by 2024. 

Yearn Finance (YFI) Price Prediction 2025

If Yearn Finance (YFI) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, YFI would rally to hit $45K.  

Yearn Finance (YFI) Price Prediction 2026

If Yearn Finance (YFI) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, YFI would rally to hit $50K. 

Yearn Finance (YFI) Price Prediction 2027

If Yearn Finance (YFI) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, YFI would rally to hit $55K. 

Yearn Finance (YFI) Price Prediction 2028

If Yearn Finance (YFI) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, YFI would hit $60K.

Yearn Finance (YFI) Price Prediction 2029

If investors flock in and continue to place their bets on Yearn Finance (YFI), it would witness major spikes. YFI might hit $65K by 2029.

Yearn Finance (YFI) Price Prediction 2030

With greater advancements in the Yearn Finance ecosystem, the crypto community might continue to invest in Yearn Finance (YFI) for the next 8 years and drive significant price rallies for the token. Hence, Yearn Finance (YFI) might hit $70K by 2030.

Conclusion

With continuous improvements in the Yearn Finance  network, we can say that 2022 is a good year for Yearn Finance . For this reason, the bullish price prediction of Yearn Finance  (YFI) in 2022 is $25366. On the other hand,  the bearish price prediction of Yearn Finance  (YFI) price prediction for 2022 is $4032.

Furthermore, with the advancements and upgrades to the Yearn Finance  ecosystem, the performance of Yearn Finance  would help to reach above its current all-time high (ATH) of $90.786.89very soon. But, it might also reach $30K  if the investors believe that Yearn Finance  is a good investment in 2022.

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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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