#Technical analysis of the $YGG / $USDT chart you shared (3M timeframe):
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đ Overall Trend
Long-term trend: Strong bearish since its all-time high of $11.48 in 2021.
Price has dropped massively and consolidated between $0.04 â $0.20 since mid-2023.
Currently trading around $0.1411, showing slight upward movement (+1.44%).
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đ§ Key Support and Resistance Levels
Major Resistance: $0.25 â $0.40
(If price breaks above these, it could attempt $0.60+)
Immediate Resistance: $0.15 â psychological and recent top zone.
Strong Support: $0.0466 (multi-year low).
If this breaks again, it could retest previous accumulation zones below $0.05.
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đ Indicators
MACD:
MACD line is below signal but flattening, suggesting bearish momentum is weakening.
Histogram bars are small â indicating potential bottom formation.
RSI (14): 23.12
Deeply oversold region â Price is undervalued, and a reversal or bounce is possible.
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đ Market Structure
The coin is in a long-term accumulation phase after a massive downtrend.
The 3M candles show decreasing selling pressure.
If volume increases, it could mark a bottom reversal pattern forming.
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đ Possible Scenarios
Bullish Case (Reversal Possible):
If price holds above $0.10â$0.12 and RSI rises above 30, it could target $0.20 â $0.25 â $0.40 in upcoming months.
Bearish Case (Continuation):
If it breaks below $0.10, price could retest $0.05â$0.0466, the historical support zone.
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đ§ Summary
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Conclusion:
YGG is showing bottoming signs after a long decline. While still in a weak phase, indicators suggest the worst may be over if support at $0.10 holds. A medium-term recovery toward $0.25â$0.40 could occur with renewed buying pressure.
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