Friday, July 1 Risks Backtracking After Token Gained 100% In Less Than 3 Weeks By CoinTelegraph

© Reuters. risks going backwards after the token gained 100% in less than 3 weeks (YFI) appears poised for a price correction after rising five days in a row to approach $ 42,000. In particular, the absence of sufficient buying volume coupled with overbought risks are behind the bearish outlook.

YFI’s price rally so far YFI’s price soared just over 47% in five days to $ 41,970 as traders rotated capital out of “large cap” cryptocurrencies like () and Ether (ETH ) and looked for short-term opportunities in the altcoin market.

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