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Thursday

26 November 2020

Yearn Finance (YFI) Pushes Past $27K after MakerDAO Integration

Yearn Finance (YFI) Pushes Past $27K after MakerDAO Integration


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Yearn Finance’s governance token YFI surged Thursday as traders assessed its acceptance at MakerDao as a collateral asset.

Their bullish bias came out of Yearn Finance’s growth as a decentralized asset management platform, primarily after it started making beneficial updates to its protocol via democratic means.

Dubbed as Falling Wedge, the structure points to a strong bullish reversal after an asset trades lower inside a pattern with two converging trendlines.

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