YFI price has plummeted from a high of $39,939 on January 9 to a low of $25,250. YFI bulls managed to defend a crucial support level at $26,000 and are ready to push the digital asset towards $40,000. YFI price had a massive 50% breakout on January 7 which got a lot of continuation in the next two days up to $39,939. Unfortunately, the entire market suffered a significant collapse and YFI dropped towards $25,250. YFI price on its way to $40,000, shows metrics On the daily chart, the digital asset dropped to a low of $25,250, but the bulls managed to buy half of the dip and defended the crucial 50-SMA support level at $26,000. YFI price is currently trading at $30,700. YFI/USD daily chart The In/Out of the Money Around Price (IOMAP) chart indicates that the strongest resistance barrier is located between $32,700 and $33,637. A breakout above this area can quickly drive YFI price towards $40,000 as there seems to be very little resistance ahead. YFI IOMAP chart Additionally, it seems that despite the massive 50% price increase in the past month, the number of whales holding between 100 and 1,000 YFI coins ($3,000,000 and $30,000,000) has increased by 10, indicating that large holders are interested in YFI for the long-term. YFI Holders Distribution chart However, if the bulls can’t hold the 50-SMA support level at $26,000 on the daily chart, YFI price can quickly fall towards the 100-SMA at $21,000. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next US Pres. Trump calls for ‘peace and calm,’ says 25th Amendment will ‘haunt’ President-elect Biden – New York Post FX Street 1 year YFI price has plummeted from a high of $39,939 on January 9 to a low of $25,250. YFI bulls managed to defend a crucial support level at $26,000 and are ready to push the digital asset towards $40,000. YFI price had a massive 50% breakout on January 7 which got a lot of continuation in the next two days up to $39,939. Unfortunately, the entire market suffered a significant collapse and YFI dropped towards $25,250. YFI price on its way to $40,000, shows metrics On the daily chart, the digital asset dropped to a low of $25,250, but the bulls… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.