In this Yield Guild Games technical analysis, we will examine the current price action, trading volume, key levels and indicators for YGG-USDT. Sure, here are three sentences about Yield Guild Games (YGG) cryptocurrency: Yield Guild Games (YGG) is a decentralized gaming platform that leverages blockchain technology to provide a fair and transparent gaming experience. With YGG, players can earn rewards in the form of cryptocurrency for their skills and participation in various games and activities. The platform’s native cryptocurrency, YGG token, is used as the primary medium of exchange within the ecosystem, enabling players to purchase in-game items and services.
Yield Guild Games Price Overview:
As of October 03, 2023, Yield Guild Games is trading at approximately 0.2302 USDT. Let’s dive into the detailed price action for YGG-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2412 |
| High (H) | 0.2479 |
| Low (L) | 0.2273 |
| Close (C) | 0.2302 |
| Volume (C) | 22,093,984.10 |
- Open (O): The opening price for today’s trading session was approximately 0.2412 USDT.
- High (H): Yield Guild Games reached a daily high of around 0.2479 USDT.
- Low (L): The daily low for YGG-USDT was approximately 0.2273 USDT.
- Close (C): At the time of analysis, Yield Guild Games is trading near its daily close of 0.2302 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.52% |
| 3D Change (%) | -6.69% |
| 7D Change (%) | 12.95% |
| 30D Change (%) | 3.09% |
| 90D Change (%) | 55.54% |
| YTD Change (%) | 42.01% |
Over the past three days, YGGUSDT has dropped by approximately -6.69%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 12.95%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with YGGUSDT maintaining an upward trend of approximately 3.09%, despite intermittent fluctuations. Examining the last 90 days, YGGUSDT has witnessed substantial increase of approximately 55.54%, reflecting strong long-term confidence. Year-to-date, YGGUSDT has steadily appreciated by around 42.01%, 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 0.87692.
- Momentum score is 0.0309.
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 22,093,984.10 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Yield Guild Games is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for YGG-USDT is currently in the neutral zone, around 51.21886. This suggests that Yield Guild Games is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Yield Guild Games (YGG-USDT) is currently exhibiting signs of short-term bullish 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
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.
