Market Overview for Yield Guild Games/Tether (YGGUSDT) as of 2025-10-29

• YGGUSDT declined from $0.1357 to $0.1263, forming bearish momentum with high volume.
• Price found support at $0.1263 and bounced back to $0.1317, suggesting short-term stabilisation.
• Volatility expanded in the early hours, with Bollinger Bands widening, and volume spikes in the $0.1277–$0.1305 range.
• RSI entered oversold territory below 30, hinting at potential reversal, but bearish control remains.
• A bullish engulfing pattern formed around $0.129–$0.130, but it failed to close above the prior candle high.

Yield Guild Games/Tether (YGGUSDT) opened at $0.1341 on 2025-10-28 12:00 ET and closed at $0.1273 as of 2025-10-29 12:00 ET. The 24-hour range was $0.1357 (high) to $0.1257 (low). Total volume traded amounted to 30,739,824.5 and notional turnover was $3,916,426.60. Price action has shown a bearish continuation, supported by declining momentum and volume.

The YGGUSDT pair has been in a clear bearish phase over the last 24 hours, with price failing to retest and close above key resistance levels. A breakdown below the $0.1300 level has triggered further downside, with price forming a descending channel that suggests continuation. The 20-period and 50-period moving averages are both bearishly aligned, with the 20SMA pulling lower. The 50/100/200 SMA divergence also supports a bearish bias, with the price under all three on the daily chart.

Candlestick patterns over the past 24 hours have included bearish shaved-tail and engulfing patterns in the $0.1292–$0.1305 range. These are often seen as continuation signals in a bear trend. Volatility has increased with a widening of the Bollinger Bands, especially during the $0.1277–$0.1305 rebound phase. Price has remained below the 20SMA, indicating ongoing bearish sentiment. The RSI dipped below 30 into oversold territory but has shown limited buying pressure, suggesting traders are cautious about a reversal.

Looking at the Fibonacci retracement levels, the 38.2% retracement at $0.1290 and 61.8% at $0.1263 have served as critical support zones. The price bounced off $0.1263 in the early morning hours and has since tested the $0.1290 level with mixed conviction. While a short-term bounce is possible, the bearish trend remains intact. Volume has spiked in the $0.1277–$0.1305 range, but the volume failed to confirm a strong reversal. The current structure appears to be setting up for a potential break below $0.1263, which could test the next Fibonacci level at $0.1230.

The backtesting strategy described in the note highlights a dependency on technical indicators such as MACD and RSI for momentum assessment and divergence detection. Given the current price and volume action, a backtest based on MACD crossover or RSI divergence could provide useful insights. However, due to the lack of standard technical indicator data for YGGUSDT, the strategy cannot proceed unless the symbol is corrected or the data is manually provided. For example, using a 12-26-9 MACD on the 15-minute chart could help identify divergence and potential turning points.