BOSS Wallet data source, Yield Guild Games today's market news, YGG latest price: $0.5284, 24-hour increase of 1.557%, trading volume $38.679 million

From the research results of the K-line chart, it shows a downward trend. Compared to 08:00, there has been a significant increase, a recovery from 05:00, and a breakthrough of the high point at 02:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening of the market's upward momentum and a reduction in the number of buyers.
This phenomenon of divergence between volume and price may be due to a lack of sell orders. In this case, 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 wary of the risk of a high position pullback and pay attention to whether trading volume can keep up with the price increase and whether new buying orders emerge.
Downward trend, overbought, decreased trading volume, rising prices. Upward momentum is weakening. According to the Williams Indicator, the current situation is overbought. Recent 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, there is a risk of pullback, it is recommended to sell at highs to avoid risks.

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