BOSS Wallet data source, Yield Guild Games today's price trend, YGG latest price has risen to $0.4787, an increase of 3.28%, trading volume $29.2841 million
According to the K-line chart analysis, it is currently in an upward trend. Compared to 19:00, there has been a significant increase, a recovery compared to 14:00, and it has broken through the high point of 18:00. Prices are rising but trading volume is declining, which usually indicates a weakening of market upward momentum and a decrease in the number of buyers.
This phenomenon of divergence between volume and price may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price retracement at high levels.
It is advisable to pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest. Upward trend, overbought, recent trading volume has decreased, price is rising, trading volume is declining: upward momentum is weakening. According to the Williams indicator, it is currently in an overbought state.
Recent trading volume has decreased, trading volume is down from a few hours ago, price is rising, trading volume is declining: upward momentum is weakening.
Upward momentum is weakening, there is a risk of correction, it is advisable for investors to operate cautiously and pay attention to changes in trading volume.
The above content is for reference only and does not constitute investment advice.