Yield Guild Games/Tether Market Overview for 2025-11-01

• YGGUSDT traded lower at 0.1203 by 12:00 ET, down from 0.1196 at 12:00 ET-1, amid declining volume and consolidation.
• Price formed multiple bearish reversals on 15-min chart, with RSI near neutral and MACD flattening, indicating potential exhaustion.
• Volatility expanded in the 12–16-hour window, but turnover failed to confirm, suggesting diverging on-chain sentiment.
• A 0.118–0.1202 consolidation range dominates, with key support at 0.1177 and resistance at 0.1205–0.1212.

Opening Summary

Yield Guild Games/Tether (YGGUSDT) opened at 0.1196 on 2025-11-01 at 12:00 ET and closed at 0.1203 at 12:00 ET. The pair touched a 24-hour high of 0.1213 and a low of 0.1164. Total volume for the 24-hour period was 4.22 million, while notional turnover reached $509,893.

Structure & Formations

Price action on the 15-minute chart shows a bearish consolidation phase following a sharp rally from 0.117 to 0.1205. A Bullish Engulfing pattern formed near 0.117–0.1182, followed by Bearish Engulfing and Dark Cloud Cover patterns between 0.119 and 0.1205. A key Falling Wedge emerged from 0.1175 to 0.1201, with a potential breakout expected near 0.1206–0.1212.

The 15-minute chart also features a Bearish Channel from 0.1196 to 0.1202, with Fibonacci Retracement levels at 38.2% (0.1195) and 61.8% (0.1181) as critical support. Resistance is clustered between 0.1205–0.1212, with a Pivot Point (PP) at 0.1194.

Moving Averages and Momentum

The 15-minute chart shows YGGUSDT below the 20SMA (0.1196) and 50SMA (0.1199), with price failing to hold above these averages. On the daily timeframe, the 50DMA (0.1195) and 100DMA (0.1192) are closely aligned, suggesting a flat trend with potential for a breakout.

The MACD flattened at 0.0001, with the signal line crossing above, indicating a potential bearish reversal. RSI sits at 54, neutral territory, with no clear overbought or oversold signals.

Volatility and Turnover

A volatility spike occurred between 2025-11-01 07:00–09:45 ET, with Bollinger Bands widening from a 0.0005 range to 0.0018. Price traded at the lower band during this period, suggesting a potential continuation of the bearish trend.

Notional turnover peaked at $18,000 during the 07:00–09:30 ET window, but volume failed to confirm the move, indicating diverging on-chain activity and retail sentiment.

Backtest Hypothesis

To further evaluate potential entry points in YGGUSDT, a Bullish Engulfing pattern backtest could be implemented. This would involve identifying the pattern across the 2022–2025 period, using a fixed 5-day holding strategy, and calculating average return, win rate, and drawdown.

However, the current data source returned an error due to an unrecognized ticker symbol (YGGUSDT). This is likely due to a mismatch in formatting, as platforms often require symbols in the form of BINANCE:YGGUSDT, YGG/USDT, or YGGUSDT_PERP, depending on the exchange and derivative type.

To proceed, we need to clarify the exact ticker format or provide a predefined list of Bullish Engulfing dates. Once resolved, the backtest can be executed and visualized with interactive charts showing performance metrics.

Forward-Looking View and Risk Caveat

Looking ahead, YGGUSDT appears to be in a neutral to slightly bearish phase, with the 0.1177–0.1202 range defining its current boundaries. A break above 0.1206 could trigger a retest of the 0.1212–0.1213 resistance, but without confirmation from volume and momentum, a false breakout remains likely.

Investors should monitor the RSI divergence and MACD crossover as leading indicators, while keeping a close eye on on-chain volume spikes. A sudden shift in sentiment or a confirmed breakout could disrupt this consolidation pattern within the next 24 hours.