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 candlestick chart, it is currently in an upward trend. Slightly up compared to 17:00, slightly down compared to 18:00, and has rebounded compared to 10:00. When the price rises while the trading volume decreases, it usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence 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 trading volume support, it is difficult for the price to sustain its rise, and one should be cautious of the risk of a high-level retracement. Investors should pay attention to whether the trading volume can accompany the price increase and whether there are new buyers entering the market.
Upward trend, overbought, recent trading volume has decreased, price rises, trading volume decreases: upward momentum weakens. Judging by the Williams indicator, it is currently in an overbought state. Recent trading volume has decreased, trading volume compared to the previous few hours has decreased, price rises, trading volume decreases: upward momentum weakens.

Market upward momentum weakens, it is recommended that investors operate cautiously, pay attention to changes in trading volume, and avoid chasing high prices.

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