BOSS Wallet data source, Yield Guild Games today's market news, YGG latest price: $0.7106, 24-hour increase 3.84%, trading volume $139 million

According to the analysis of the K-line chart, it is currently in an upward trend. It has slightly increased compared to 17:00, slightly decreased compared to 18:00, and has rebounded compared to 10:00. When the price rises while trading volume declines, it usually indicates a weakening upward momentum in the market, with a decrease in the number of buyers.
This phenomenon of divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of volume support, it is difficult for prices to continue rising, and there is a risk of a high-level pullback that needs to be monitored. Investors should pay attention to whether the trading volume can accompany the price increase and whether new buying pressure enters the market.
Upward trend, overbought, recent trading volume has decreased, price has risen, and trading volume has declined: upward momentum is weakening. The Williams indicator indicates that it is currently in an overbought state. Recent trading volume has decreased compared to the previous hours, with price rising and trading volume declining: upward momentum is weakening.

Market upward momentum is weakening, suggesting investors exercise caution, pay attention to changes in trading volume, and avoid chasing highs.

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