Two Altcoins (LEND & YFI) That Are Consolidating After Sharp Drops

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In Brief
  • LEND is approaching long-term support at $0.38.

  • YFI is trading between support and resistance at $3,150 and $4,000, respectively.

  • Short-term technical indicators are bullish.

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After increasing by more than 6000% in less than six months, Aave (LEND) may have begun a lengthy correction. After a sharp drop, DFI.Money (YFI) has broken out from a descending resistance line and is moving towards the closest short-term resistance. Aave (LEND) Since the beginning of March, the LEND price was subject to a near parabolic increase that took the price to an all-time
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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