Monster bull flag for Yearn.finance puts $200,000 YFI price in play

Cointelegraph

Published Feb 21, 2021 09:00AM ET

Updated Feb 22, 2021 11:00AM ET

Bitcoin (BTC) bears looked on in disbelief as BTC price rallied to over $57,800 on Feb. 21, sparking a major altcoin rally. It seems bull flags are being printed one after the other on coins like Polkadot and Cardano, which are playing out predictably.

However, one coin that is not getting the limelight it deserves right now is Yearn.finance (YFI), and at present, it looks like a period of aggressive selling could be coming to an end with a potential 50% move to the upside being imminent. But first, let's take a look at why it has been struggling recently.

YFI/USD 1-hour candle chart. Source: TradingView
YFI/USD 1-day candle chart. Source: TradingView
YFI/BTC 1-day candle chart. Source: TradingView
UNI/USD 2-hour candle chart. Source: TradingView
UNI/BTC 1-day chart. Source: TradingView
YFI/USD 1-hour candle chart. Source: TradingView

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