Yield Guild Games/Tether Market Overview

• Price for YGGUSDT surged from 0.159 to 0.1685 in 24 hours amid bullish momentum.
• Strong volume expansion noted post 19:30 ET, confirming breakout above key resistance at 0.160.
• RSI entered overbought territory (65–70), while MACD showed positive divergence, signaling potential for further upside.
• Bollinger Bands widened sharply after 20:00 ET, reflecting increased volatility and bullish price containment.
• Notable bullish engulfing and higher time frame alignment suggested continuation of the trend.

Opening Report

Yield Guild Games/Tether (YGGUSDT) opened at 0.159 on 2025-10-01 at 12:00 ET-1 and traded as high as 0.1685, with a low of 0.1567, closing at 0.1684 by 12:00 ET. Over the 24-hour period, total volume amounted to 35,495,716.6 with a notional turnover of approximately $5,640,821.6 (assuming 1 USDT = $1). The price demonstrated strong continuation of the bullish trend established in the prior 48 hours.

Structure & Formations

Price action over the 24-hour period showed a strong upward thrust, breaking above a key resistance level around 0.160 after a consolidation phase in the morning hours. The breakout was confirmed by a series of bullish engulfing patterns between 19:30 ET and 20:00 ET. Additionally, a doji at 0.1606 at 02:30 ET indicated indecision, which was later resolved by a strong rally. Key support levels observed were 0.159 and 0.1585, with 0.1573 acting as a critical floor during the overnight consolidation phase.

Moving Averages

On the 15-minute chart, the price stayed well above the 20-period and 50-period moving averages for the majority of the session, indicating strong bullish momentum. The 20-period MA crossed the 50-period MA in a “golden cross” formation around 20:00 ET, reinforcing the uptrend. On the daily chart, the price has been trading above the 50-, 100-, and 200-day MAs, suggesting a strong continuation of the broader trend.

MACD & RSI

The MACD (12, 26, 9) showed a strong positive divergence with the RSI climbing into overbought territory (peaking at 70) during the afternoon and evening hours. While RSI overbought conditions suggest a potential pullback, the MACD’s strong histogram expansion from 19:30 ET onward reinforced the bullish narrative. RSI retested the 60 level multiple times but failed to confirm bearish momentum, pointing to sustained buying pressure.

Bollinger Bands

Bollinger Bands exhibited a contraction phase between 02:30 ET and 19:00 ET, followed by a sharp expansion starting at 19:30 ET. Price action remained within the upper band for much of the afternoon and evening, indicating high volatility and strong bullish momentum. The band width increased to 0.007 by 22:00 ET, reflecting heightened market activity. Price remained near the upper band until 05:00 ET, indicating continued strength.

Volume & Turnover

Volume and turnover surged sharply following the consolidation phase at 19:30 ET, peaking at 1,192,303.8 at 08:45 ET and 770,010.6 at 09:00 ET. Notably, volume continued to expand through the afternoon and into the evening, confirming the breakout and the continuation of the uptrend. There was no significant divergence between price and turnover, reinforcing the strength of the move.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from 0.1573 to 0.1685, the 38.2% level (0.1627) and the 61.8% level (0.1648) acted as key support/resistance. Price found support at 0.1627 on two occasions, with the 0.1648 level being tested during the afternoon. On the daily chart, Fibonacci levels from the broader 0.1567–0.1685 move also confirmed key levels at 0.1624 and 0.1648 as areas of potential resistance and consolidation.

Backtest Hypothesis

Given the confluence of key moving average alignment, strong volume confirmation, and overbought RSI without bearish divergence, a backtesting hypothesis could be structured around a trend-following strategy. A long entry at the close of a bullish engulfing pattern (e.g., at 19:30 ET) with a stop loss placed below the 0.160 level and a take profit at the 0.168–0.170 Fibonacci extension could be evaluated. This setup would align with the observed MACD divergence and Bollinger Band expansion, suggesting a high-probability continuation of the upward move.