When did yfi coin go online?

YFI coin was launched on the decentralized financial platform Uniswap on August 12, 2020. It is a governance token developed by the Yearn Finance team.

YFI coin launch time

YFI coin will be launched on the decentralized financial platform Uniswap on August 12, 2020.

Yearn.finance (YFI) continues its decline amid heavy volatility and is currently trading at $5567.48. Its value has plunged 8.73% since yesterday, with daily trading volume reaching $26.19 million. As prices continue to move lower, investors are keeping a close eye on where YFI will go next.

From a technical perspective, YFI’s downtrend is clearly visible. Its 200-day moving average (MA) at $6,200 is currently acting as strong resistance, hampering any rebound attempts. Additionally, the 100-day moving average (MA) at $5,800 is also providing resistance to the price.

In terms of support, YFI’s 50-day moving average is $4,800, and if it falls below this level, further losses are likely. However, losses are expected to be limited due to strong support near $4,200.

Overall, YFI’s technical indicators suggest that it is currently in a bear trend. Failure to rebound above $6,200 may continue the decline to $4,800. It is crucial to be patient and monitor price action for signs of a reversal of the trend.

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