YFII's remarkable growth

YFII has grown by 11% in the last 24 hours and 40% in the previous week. The price of this currency has taken an upward trend in the daily time frame, and the daily time frame candles are inside a narrow ascending channel with shallow pullbacks moving towards resistance in the range of $3,940 to $4,677. In this area, we expect a negative reaction and price range. Of course, before the price reaches this area, there is a potential for a reaction and price exit from this narrow ascending channel. In this case, the price can enter a wide channel, and we expect to continue moving toward the specified resistance. The closest important support to the current price in case of exiting the channel is in the range of 2142 to 2305 dollars.

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