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- 1 YGG crypto is trading in the bullish zone despite a short correction.
- 2 Yield Guild Games crypto is retesting the 50 EMA level.
YGG is a guild that buys NFTs and other game assets and lets players use them to make money in the games they play.
YGG members, called “scholars,” can earn YGG tokens by putting them in a pool or by having a say in the guild’s decisions. The YGG token is used to vote on what the guild should do next and how to spend its money. YGG works with many games and virtual worlds that use blockchain, such as Axie Infinity, The Sandbox, Zed Run, and more.
YGG’s goal is to make gaming more fair and open by helping players from all over the world earn a living by playing games.
The YGG token is built on Ethereum, it can be used for different things in the Yield Guild Games platform, such as putting them in a pool, voting on ideas, and being part of the guild’s decision-making.
What the YGG Crypto Price Chart Shows
Yield Guild Games crypto (YGG: USD) is trading in the bullish zone above the key moving averages, highlighting bullish momentum. On the daily chart, Yield Guild Games crypto is riding in an uptrend and is above the 50-day EMA.
The price action suggests that the crypto is ready for a significant upward movement, with potential price growth in the coming sessions. Bulls are working hard to maintain these levels, showing their confidence in the crypto’s upward path.
In the previous few trading sessions, buyers demonstrated their strength. They also continued to make long positions and accumulated more of the crypto to extend the uptrend.
Yield Guild Games crypto chart shows the increased activity of buyers in the market. Moreover, the price action still makes higher highs and higher lows on the charts, indicating that the crypto is bullish and not willing to slow down. At press time, Yield Guild Games crypto is trading at $0.353 with an intraday gain of 5.06%, showing bullishness on the charts.
Indicator Analysis of Yield Guild Games Crypto Price in 1-D Time Frame
Currently, Yield Guild Games crypto (USD: YGG) is trading above the 50 and 200-day EMAs (Exponential moving averages), which are supporting the price momentum.
The current value of RSI is 51 points. The 14 SMA is above the median line at 61.08 points, indicating that the Yield Guild Games crypto is bullish.
The MACD line at 0.022 and the signal line at 0.030 are above the zero line. A bearish crossover is observed in the MACD indicator which signals weakness in the momentum of the YGG crypto price.
Summary
Yield Guild Games (USD: YGG) technical oscillators also support the bullish trend. The MACD, RSI, and EMA are emphasizing positive signs and imply that the uptrend may continue in the YGG crypto price.
Technical Levels
Support Level: $0.333
Resistance levels: $0.451
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
