Market Overview for Yield Guild Games/Tether (YGGUSDT) – 24-Hour Summary (2025-09-21)

• Price closed lower at 0.1802 from 0.1825, marking a bearish trend with declining momentum.
• Volatility expanded in the morning session, with a low of 0.1762 and a high of 0.1837.
• RSI reached oversold levels in the early hours, while MACD turned negative.
• Bollinger Bands tightened ahead of a sharp break to the downside.
• Volume spiked during the 09:30–10:00 ET session, coinciding with a sharp price drop.

Yield Guild Games/Tether (YGGUSDT) opened at 0.1825 on 2025-09-20 12:00 ET and closed at 0.1802 on 2025-09-21 12:00 ET, with a high of 0.1837 and a low of 0.1762. Total volume over the 24-hour period was 14,808,602.3, and total turnover amounted to 2,686.33 USDT.

The price of YGGUSDT followed a clear bearish bias over the 24-hour period, driven by a sharp correction from 0.1829 to 0.1766 between 09:30 and 09:45 ET. This move was supported by strong volume (827,675.3) and marked a key support level near 0.1762. A long lower shadow during this candle suggests a momentary rejection of the downward move, but bearish pressure quickly resumed.

Structure & Formations

Key support levels were observed at 0.1762 (tested twice), 0.1783, and 0.1798, while resistance levels were at 0.1805, 0.1811, and 0.1829. A bearish engulfing pattern was evident during the 09:30–09:45 candle, confirming the shift in sentiment. A doji appeared at 09:45 ET after the sharp drop, indicating a potential reversal or consolidation period.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both below the closing price, reinforcing the bearish bias. Over the daily timeframe, the 50- and 200-day moving averages are not available in the dataset but are expected to provide further context on longer-term positioning.

MACD & RSI

MACD turned negative by 09:30 ET and remained bearish throughout the session, while the signal line crossed below the MACD histogram. RSI reached an oversold level of 28 at 09:45 ET, suggesting a potential short-term bounce, though this did not materialize strongly. Momentum has clearly shifted to the downside.

Bollinger Bands

Volatility expanded significantly in the early morning hours, with the price breaking below the lower band during the 09:30–09:45 ET candle. Bollinger Bands had previously contracted between 06:00 and 07:00 ET, setting up conditions for a breakout. The price is now sitting below the 20-period moving average and inside the lower band, indicating bearish continuation potential.

Volume & Turnover

Volume surged during the 09:30–09:45 ET candle, coinciding with the sharp drop in price and confirming bearish sentiment. However, turnover did not rise proportionally, suggesting weaker conviction from larger participants. Divergences between volume and price suggest a possible pause or test of key supports in the near term.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from 0.1837 to 0.1762, the 0.382 retracement level is at 0.1798, where the price briefly held. The 0.618 level is at 0.1813, and the price tested this level before falling again. On the daily chart, a larger move from recent highs to the 2025-09-20 low could see similar retracement levels as areas of interest.

Backtest Hypothesis

A potential backtest strategy could involve entering a short position on a bearish engulfing pattern confirmed by a volume surge and RSI entering oversold territory. A stop-loss could be placed above the 0.1813 (Fib 61.8) level, with a target near 0.1750 or the next major support level. This approach aligns with the observed technical structure and momentum, making it a viable setup for a short-term bearish trade.