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  • YFI price is up by 132% in the past five days but seems to be topping out.
  • Several indicators have flipped bearish indicating that YFI could be on the verge of a retrace.

YFI price had a massive 132% rally that started on November 5 from a low of $7,451 reaching a current price of $17,913. It seems that the digital asset is topping out and looking for a healthy pullback in the short-term.

YFI faces a potential sell signal on the 4-hour chart

It’s not surprising to see YFI topping out after a significant 132% rally. On the 4-hour chart, the TD Sequential indicator has presented a green ‘8’ signal which is usually followed by a ‘9’ sell signal.

yfi price

YFI/USD 4-hour chart

The In/Out of the Money Around Price shows a similar story with the most significant support area between $15,086 and $15,639 which means that the validation of the sell signal has the potential to drive YFI price towards $15,086 as an initial price target. 

yfi price

YFI IOMAP chart

On the other hand, the same chart also shows very little resistance ahead with the most notable resistance area between $18,830 and $19,383. A breakout above the high at $18,465 would drive YFI price to $20,000 according to the IOMAP chart.