RLC/USDT prices are within a bullish breakout pattern and may reach $16.5. Meanwhile, Yearn Finance bulls are firm. It is why YFI/USDT may soar to $72k.
Yearn Finance (YFI)
YFI is the most valuable DeFi governance token that primes the Yearn Finance automated aggregator service set to maximize profits on yield farming.
Past Performance of YFI
Candlestick arrangement of YFI points at bulls. On the last day of trading, YFI has surged to post double-digit gains versus ETH, BTC, and USD.
On average, YFI is up a massive 20 percent on the back of increasing trading volumes that rose 3X to around $1.5 billion.
Day-Ahead and What to Expect
The YFI/USDT technical analysis reveals that the uptrend is firm. YFI/USDT is trading within a bullish breakout pattern.
Due to rapid price expansions in the first half of May 2021, YFI is at new all-time highs. Overly, buyers are in charge, and the upside momentum is high.
YFI bars are closely aligning along the upper BB, indicating increasing momentum in lower time frames.
YFI/USDT Technical Analysis
YFI bulls are in the driving seat. In a bullish breakout pattern, the YFI surge is driven by the influx of traders in the past 24 hours.
As YFI trades in new all-time highs, breaking above April 2021 highs of around $52k, the next feasible target is the 1.618 Fibonacci extension level of the Q1 2021 trade range at $72k.
iExec RLC
Past Performance of RLC
Technically, RLC/USDT is firmly bullish in a breakout pattern where the trend has been clearly defined.
In the past week alone, the RLC price has more than 12X, surging to over $16 as buyers take charge.
The cool-off of the last few days may provide an opportunity for aggressive traders to ramp up the dips.
Day-Ahead and What to Expect
RLC/USDT technical analysis indicates buyers’ presence and, therefore, the possibility of further price expansions.
Every low is a loading opportunity provided prices are trend inside May 9 and 10 bull bars.
RLC/USDT Technical Analysis
The path of the least resistance is northwards. There is some over-valuation and possible corrections.
Nonetheless, as long as RLC/USDT prices are above $8.5, bulls can aim at May 10 highs of $16.5 in a buy trend continuation pattern.
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Source: https://www.cryptoknowmics.com/news/yearn-finance-yfi-and-iexec-rlc-technical-analysis-what-to-expect
