Market Overview for Yield Guild Games/Tether (YGGUSDT) on 2025-11-09

• YGGUSDT closed 0.119 at 12:00 ET, up from 0.119 at 12:00 ET-1.
• Price action showed a 0.1195 high and 0.1153 low during 24 hours.
• Volume was 13.3M, with turnover at $1.58M—above the 60-day average.
• A bullish reversal pattern emerged in early morning hours, followed by consolidation.
• RSI hovered near 50, while MACD showed flattening bullish momentum.

Yield Guild Games/Tether (YGGUSDT) opened at 0.119 at 12:00 ET-1 and closed at 0.119 at 12:00 ET, with a high of 0.1195 and a low of 0.1153 during the 24-hour period. Total volume amounted to 13.3 million units, while notional turnover reached $1.58 million. The pair displayed consolidation in the late session, with a brief but notable rebound from key support around 0.1165 after a morning sell-off.

Structure & Formations

Price action showed a clear support cluster around 0.1165–0.117, with a rejection pattern forming in the early hours of the morning. A bearish breakdown was attempted but failed, leading to a potential bullish reversal pattern in the form of a hammer during the 02:45–03:00 ET period. Resistance levels have formed near 0.1195 and 0.1210. A bullish engulfing pattern was observed around 21:30 ET, suggesting a possible short-term reversal in momentum.

Moving Averages

On the 15-minute chart, YGGUSDT has closed above the 20-EMA (0.1183) and the 50-EMA (0.1187), but remains below the 100-EMA (0.1191) and 200-EMA (0.1193). This suggests a short-term positive bias, but caution is warranted as the longer-term averages have not yet confirmed the trend. On daily charts, the 50/200 EMA crossover remains neutral.

MACD & RSI

MACD has crossed into positive territory but with a flattening histogram, indicating weakening bullish momentum. The RSI is hovering near 50, suggesting that YGGUSDT is neither overbought nor oversold but showing signs of stabilizing. A potential divergence between RSI and price has formed in the last few hours, signaling a possible pause in the upward move.

Bollinger Bands

Price has remained within the upper and lower Bollinger bands throughout the day, with volatility expanding slightly in the late morning. A contraction occurred briefly in the early morning before the rebound, indicating a potential breakout or reversal in progress. Currently, YGGUSDT is trading near the middle band, indicating a neutral short-term bias.

Volume & Turnover

Volume was elevated during the 19:45–20:00 ET period, coinciding with a break above 0.1203 and the formation of a bullish breakout candle. Turnover spiked in the same period, confirming the price action. A divergence between volume and price occurred during the afternoon consolidation phase, suggesting weakening buying pressure. However, a fresh increase in volume during the late morning hours has provided some short-term credibility to the rebound.

Fibonacci Retracements

Key Fibonacci levels have been tested in the 24-hour period. The 0.1165–0.117 level corresponds to the 38.2% retracement of the recent high at 0.1213, and the 61.8% level is at 0.1188. Price found support near 38.2% and is currently consolidating above that level, suggesting that buyers are stepping in at key retracement levels.

Backtest Hypothesis

To further evaluate the potential of YGGUSDT for bullish opportunities, a backtest of the Bullish Engulfing pattern from 2022 to present would provide valuable insights. However, the data provider currently does not recognize the symbol “YGGUSDT” or its variations. To proceed, confirmation is needed on either the correct exchange-qualified symbol (e.g., “BINANCE:YGGUSDT”) or an alternative ticker for testing. Once the symbol is confirmed, the backtest can be run to assess the effectiveness of the pattern in generating actionable signals.