BOSS Wallet data source, Yield Guild Games real-time price trend, YGG's latest price today reaches $0.5314, with a gain of up to 3.61%, trading volume $55.8776 million

According to the analysis of the candlestick chart, it is currently in an uptrend. Compared to 10:00, there has been a significant increase, and a rebound from 07:00, breaking through the high point at 11:00. The price is rising but trading volume is decreasing, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of divergence between price and volume may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of support from trading volume, it may be difficult for price increases to sustain, and investors should be wary of the risk of price retracement at high levels.
It is advisable to pay attention to whether trading volume can keep up with the price increase, and whether there is new buying interest. Uptrend, decreasing trading volume, rising prices. According to the Williams indicator, the current market is overbought. Recently, trading volume has decreased, with trading volume lower than in previous hours, while prices rise and trading volume falls: upward momentum is weakening.

Upward momentum is weakening, be cautious of the risk of price retracement, it is advisable to remain cautious and appropriately reduce positions.

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