š $YGG /USDT ā 4H Analysis
Current Price: $0.0763
Trend: Bearish recovery attempt
RSI (4H): ~38.7 (weak momentum, nearing oversold)
Recent Low: $0.0697
24H Range: $0.0744 ā $0.0791
š Market Structure
On the 4-hour timeframe, YGG is still in a downtrend, making lower highs and lower lows. After hitting the local bottom around $0.0697, price saw a relief bounce but failed to break above $0.078ā0.079, showing weak demand.
Currently, price is consolidating slightly above $0.076, hovering around a minor support zone
š Indicators
RSI:
RSI at 38 indicates bearish momentum but not yet oversold. This level often hints at either:
continuation of the downtrend, or
preparation for a possible bullish divergence on the next dip.
Volume:
Volume looks relatively light, suggesting limited strength behind recent candles.
š Key Levels to Watch
Support:
$0.0735 ā short-term support
$0.0697 ā critical support (recent low)
If this fails ā next range could be $0.065ā0.067
Resistance:
$0.0781 ā immediate resistance
$0.079ā0.081 ā breakout zone
Above this ā momentum may shift bullish
#YGGPlay @Yield Guild Games #YGG
