BOSS Wallet data source, Yield Guild Games today's market news, YGG latest price: $0.5323, up 0.85% in 24 hours, transaction volume $110 million
By analyzing the K-line chart, it is now in a downward trend. Compared with 23:00, it fell sharply, breaking through the low point at 21:00, and fell slightly compared with 15:00. The price fell but the trading volume rose, which usually means that the selling pressure increased and the sellers were actively selling.
Such a situation may be that the market is pessimistic about future prices, or there is some negative news that triggers panic selling. In this case, future prices may continue to fall because of the heavy selling pressure and pessimistic market sentiment.
Investors should be alert to whether the price will fall below the key support level. If the support level is broken, it may trigger a larger decline. The market is hot, but the price is falling. The Williams indicator shows that now is the time when there is no overbought or oversold.
There has been an increase in trading volume recently, the volume is higher than in previous hours, the price is falling, and the volume is rising: selling pressure is increasing.
Market sentiment is pessimistic and selling pressure is increasing. Investors are advised to operate with caution and pay attention to whether prices will fall below key support levels.
The above content is for reference only and does not constitute investment advice.