BOSS Wallet data source, Yield Guild Games latest price news, YGG real-time price rose 3.11% to $0.5166, trading volume $43.4638 million
From the candlestick chart, it can be seen that it is currently in a volatile trend. Compared to 11:00, it has risen significantly, recovering from 07:00, breaking through the high point of 09:00. When the price rises but trading volume declines, it usually indicates that the upward momentum of the market is weakening, and the number of buyers is decreasing.
This divergence between volume and price is often caused by a lack of sell orders. In this context, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to sustain their rise. Investors should be cautious of the risk of price retracement at high levels and pay attention to whether trading volume can keep up with the price increase and whether new buying interest emerges.
Trading volume decreases, price rises. The Williams indicator indicates that it is currently in an overbought state. Recently, trading volume has decreased, with volume down compared to a few hours ago, while the price rises and volume declines: upward momentum is weakening.
Market upward momentum is weakening, it is recommended to remain cautious and be alert to the risk of price retracement.
The above content is for reference only and does not constitute investment advice.