Summary
• YGGUSDT formed a bullish engulfing pattern near 0.0650.
• Price traded between 0.0645 and 0.0671 with key support at 0.0650.
• Volatility expanded after 22:00 ET as price surged to 0.0671.
• RSI showed momentum divergence near overbought levels.
• Turnover spiked during the evening session, confirming the 0.0665 resistance.
Yield Guild Games/Tether (YGGUSDT) opened at 0.0658 on 2025-12-15 at 12:00 ET, reached a high of 0.0671, a low of 0.0645, and closed at 0.0664 on 2025-12-16 at 12:00 ET. Total volume was 23,802,757.5 and notional turnover amounted to 1,587.6
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Structure and Candlestick Patterns
A bullish engulfing pattern emerged around the 0.0650 level during early hours, signaling a potential reversal.
A long-bodied candle closed near 0.0664 following an afternoon breakout from a consolidation range. A doji appeared near 0.0662 in the late session, suggesting indecision. Key support was tested at 0.0650 and held, while 0.0665 acted as a dynamic resistance level.
Volatility and Bollinger Bands
Volatility expanded significantly after 22:00 ET, with price breaking out of a narrow Bollinger Band contraction and reaching the upper band. The bands widened after 00:00 ET, reflecting increased buying pressure. Price remained above the 20-period moving average throughout the day, suggesting bullish bias in the short term.
Momentum and Indicators
MACD showed a positive divergence during the early morning, confirming strength in the rally. RSI reached overbought territory around 0.0671, followed by a pullback, indicating a possible topping process. The 20-period EMA crossed above the 50-period EMA, reinforcing the bullish bias.
Volume and Turnover Dynamics
Volume surged during the 22:00–00:00 ET window, coinciding with the breakout to 0.0671. Turnover also increased during this period, confirming the strength of the move. However, divergence appeared in the morning session as price moved higher with lower volume, suggesting caution.
Fibonacci Retracement Levels
A key 61.8% Fibonacci retracement level was formed between the swing low at 0.0645 and swing high at 0.0671, placing a key level at 0.0658. Price tested this level twice with increasing volume, suggesting it may act as support or resistance in the near future.
The market appears to be consolidating above 0.0650 with a potential for a test of 0.0671 in the coming 24 hours. However, a breakdown below 0.0650 could trigger a deeper pullback toward 0.0645. Investors should monitor volume dynamics and RSI for signs of exhaustion in either direction.
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