BOSS Wallet data source, Yield Guild Games real-time price trends, YGG's latest price today reached $0.679, with an increase of 3.03%, trading volume $89,889,900.
According to the analysis of the candlestick chart, the current trend is oscillating. Compared to 07:00, there has been a significant increase, a recovery compared to 04:00, breaking through the high point of 08:00. 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 volume-price divergence may be due to insufficient selling pressure. In this case, prices may retrace or consolidate in the future. 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 recommended to pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest. Market enthusiasm is low, and trading volume is decreasing. The Williams indicator indicates that it is currently in an overbought state. Recently, trading volume has decreased, trading volume has decreased compared to the previous few hours, with rising prices and declining trading volume: upward momentum is weakening.
Market upward momentum is weakening, it is advisable to operate cautiously, pay attention to changes in trading volume, and be wary of the risk of price retracement.
The above content is for reference only and does not constitute investment advice.