YFI price attempts to break strong resistance at $28K despite being rejected multiple times
Sushi and Keep3r tokens jump remarkably since the collaboration with Yearn finance was announced
Despite the major crypto assets experience an immense pull back, these DeFi tokens mange to attract crypto masses
YFI Price May Hit $100,000 Soon
The crypto market experienced a sudden drop with the launch of ETH 2.0 Beacon Chain. The major cryptos like Bitcoin, XRP, Litecoin, Chainlink, etc faced a brutal fall. Ethereum price reached below $565 levels within seconds. With the crypto bears overpowering the bulls, YFI also plunged below $25K.
However, the DeFi token rebounded remarkably as it does after every plunge recovered the loses within no time. At the time when BTC price and ETH price are struggling to regain there past levels at $19K and $600 respectively, YFI price has crossed $28K levels easily.
The most important at this stage is to maintain above $28K to keep the YFI bulls engaged in the market so that the price soar above $30K. YFI price has nearly gained $2500 after recovering from the $2000 loses in just 24 hours, which is an astonishing bull run.
Adding to the substance, the RSI indicator suggests a bullish trend and the technical indicators also point towards a ‘strong buy’ signal. Therefore $30,000 might be imminent. One of the crypto analysts has predicted YFI price may hit $100K very soon.
SUSHI and Keep3r Doing Well After the Collaboration
Sushi price gained nearly 30 percent to touch $2.11 within 24 hours of the collaboration announcement with YFI. With the continued steek, SUSHI price is expected to touch $5 by the end of 2020 and $10 very soon.
One of the crypto analysts has predicted that SUSHI price may touch close to $5 by the start of 2021.
In the chart posted by the analyst, he shows a series of dumps before the price touches $5. Currently, SUSHI price appears to have stuck at the first resistance at $2.2 and after it successfully clears, it may jump as mentioned in the chart.
Collectively, YFI collaborations with the smaller projects in the DeFi space is giving a good push to the tokens and also increasing the market capitalization of YFI. This may lay a strong foundation of the DeFi space in the coming days.