In this Yield Guild Games technical analysis, we will examine the current price action, trading volume, key levels and indicators for YGG-BTC. Yield Guild Games is a decentralized gaming platform that leverages blockchain technology to provide a fair and transparent gaming experience. The platform’s native cryptocurrency, YGG, serves as the primary medium of exchange for in-game transactions and rewards. With YGG, players can participate in various gaming activities and earn rewards, creating a more engaging and rewarding gaming experience.
Yield Guild Games Price Overview:
As of May 08, 2024, Yield Guild Games is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for YGG-BTC:
| Metric | Value |
|---|---|
| Open (O) | 1e-05 |
| High (H) | 1e-05 |
| Low (L) | 1e-05 |
| Close (C) | 1e-05 |
| Volume (C) | 163,299.40 |
- Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
- High (H): Yield Guild Games reached a daily high of around 1e-05 BTC.
- Low (L): The daily low for YGG-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Yield Guild Games is trading near its daily close of 1e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.17% |
| 3D Change (%) | -0.82% |
| 7D Change (%) | 2.70% |
| 30D Change (%) | -30.06% |
| 90D Change (%) | 37.14% |
| YTD Change (%) | 32.37% |
Over the past three days, YGGBTC has dropped by approximately -0.82%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 2.70%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with YGGBTC maintaining a downward trend of approximately -30.06%, despite intermittent fluctuations. Examining the last 90 days, YGGBTC has witnessed substantial increase of approximately 37.14%, reflecting strong long-term confidence. Year-to-date, YGGBTC has steadily increased by around 32.37%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Yield Guild Games Live Chart:
You can access a live price chart for YGG-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.53186.
- Momentum score is -0.00966.
YGG BTC Technical Analysis
Yield Guild Games Trading Volume:
The trading volume for Yield Guild Games (YGG) over the past 24 hours has been insignificant, with approximately 163,299.40 BTC traded against YGG. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): YGG is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Yield Guild Games is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for YGG-BTC is currently in the neutral zone, around 48.04073. This suggests that Yield Guild Games is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Yield Guild Games (YGG-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Understand Yield Guild Games’s (YGGBTC) challenges at 1.33e-05 BTC with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.
Discover even more by checking out our comprehensive analysis on YGG USDT Yield Guild Games Technical Analysis — a perfect follow-up if you enjoyed this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.