BOSS Wallet data source, Yield Guild Games real-time price trend, YGG's latest price today reaches $0.5314, with an increase of up to 3.61%, trading volume $55.8776 million

According to the analysis of the candlestick chart, it is currently in an upward trend. Compared to 10:00, it has increased significantly, and has recovered compared to 07:00, breaking through the high point at 11:00. The price is rising but trading volume is declining, which usually indicates a weakening of the market's upward momentum and a decrease in the number of buyers.
This phenomenon of divergence between price and volume may be due to insufficient selling pressure. In this case, future prices may retract or consolidate sideways. Due to the lack of trading volume support, it may be difficult for price increases to sustain, and investors should be wary of the risk of price retracement at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase, and whether there are new buyers entering. Upward trend, declining trading volume, rising prices. According to the Williams indicator, the current market is overbought. Recently, trading volume has decreased, trading volume has reduced compared to the previous few hours, prices are rising, and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, be wary of price retracement risk, it is advised to remain cautious and appropriately reduce positions.

The above content is for reference only and does not constitute investment advice.