YGG USDT Yield Guild Games Technical Analysis

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By Frans van Elst

Yield Guild Games logo In this Yield Guild Games technical analysis, we will examine the current price action, trading volume, key levels and indicators for YGG-USDT. 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, is used as the primary currency for in-game purchases and rewards, offering players a more seamless and secure experience. With its innovative approach to gaming and cryptocurrency integration, YGG has gained significant attention from gamers and crypto enthusiasts alike.

Yield Guild Games Price Overview:

As of May 14, 2024, Yield Guild Games is trading at approximately 0.737 USDT. Let’s dive into the detailed price action for YGG-USDT:

Navigate challenges in realm of Yield Guild Games (YGGUSDT) at 7.37e-01 USDT with technical analysis pointing to bearish outlook and potential downturns.

Metric Value
Open (O) 0.7696
High (H) 0.7816
Low (L) 0.7276
Close (C) 0.737
Volume (C) 9,997,736.80
  • Open (O): The opening price for today’s trading session was approximately 0.7696 USDT.
  • High (H): Yield Guild Games reached a daily high of around 0.7816 USDT.
  • Low (L): The daily low for YGG-USDT was approximately 0.7276 USDT.
  • Close (C): At the time of analysis, Yield Guild Games is trading near its daily close of 0.737 USDT.
Metric Value
1D Change (%) -4.24%
3D Change (%) -8.76%
7D Change (%) -15.07%
30D Change (%) -17.74%
90D Change (%) 50.10%
YTD Change (%) 73.25%

Over the past three days, YGGUSDT has declined by approximately -8.76%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -15.07%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with YGGUSDT maintaining a downward trend of approximately -17.74%, despite intermittent fluctuations. Examining the last 90 days, YGGUSDT has witnessed substantial increase of approximately 50.10%, reflecting strong long-term confidence. Year-to-date, YGGUSDT has steadily increased by around 73.25%, 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-USDT 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 0.59114.
  • Momentum score is -0.21612.

YGG USDT 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 9,997,736.80 USDT 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-USDT is currently in the low zone, around 44.94553. This suggests that Yield Guild Games is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Yield Guild Games (YGG-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Navigate challenges in realm of Yield Guild Games (YGGUSDT) at 7.37e-01 USDT with technical analysis pointing to bearish outlook and potential downturns.

Discover even more by checking out our comprehensive analysis on YGG BTC 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.

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