YGG has recently experienced a short-term stair-step rebound—the current price is hovering around 0.078, right at the intersection of the short-term, 25-hour, and 99-hour moving averages, so the trend is actually quite tangled right now. As for a breakout, it depends on whether it can decisively move above the 0.080 to 0.082 range. Once it stabilizes there, there's potential to see it move up to 0.085 or even 0.090.
On the downside, immediate support is around 0.073, with stronger support at the previous swing low of 0.0697. In terms of trading volume, while there are occasional buying surges, overall it remains somewhat volatile. To confirm a bullish continuation, the key is whether the price can decisively break above those moving average resistances—hesitant, choppy action won’t cut it.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
5
Repost
Share
Comment
0/400
Hgfh
· 12-04 10:48
Most likely it will still go down; telling a good story doesn't mean the price will go up.
View OriginalReply0
SatsStacking
· 12-04 05:48
Getting stuck at the moving average death cross is just like this: either it breaks through or breaks down, there's no third possibility.
View OriginalReply0
EthSandwichHero
· 12-04 05:47
Wait, what is YGG hesitating about this time? Wouldn't it be better to just make a decision sooner?
View OriginalReply0
tx_or_didn't_happen
· 12-04 05:42
Stuck at the moving average death cross, it's really frustrating. We'll have to see if 0.080 can really hold; otherwise, we'll have to take another hit from the decline.
View OriginalReply0
rekt_but_vibing
· 12-04 05:30
It's really frustrating to be stuck in the moving average entanglement, just waiting for a decisive breakout. Otherwise, this consolidation could drag on forever.
YGG has recently experienced a short-term stair-step rebound—the current price is hovering around 0.078, right at the intersection of the short-term, 25-hour, and 99-hour moving averages, so the trend is actually quite tangled right now. As for a breakout, it depends on whether it can decisively move above the 0.080 to 0.082 range. Once it stabilizes there, there's potential to see it move up to 0.085 or even 0.090.
On the downside, immediate support is around 0.073, with stronger support at the previous swing low of 0.0697. In terms of trading volume, while there are occasional buying surges, overall it remains somewhat volatile. To confirm a bullish continuation, the key is whether the price can decisively break above those moving average resistances—hesitant, choppy action won’t cut it.