$YGG
YGG/USDT at a Critical Juncture
📊 Technical Analysis (1H Chart)
We analyzed the ygg/ $USDT chart today, and here are the key points to watch:
Current Price: 0.0731 USDT
Crucial Support: The price is currently testing the strong support range of 0.0730 - 0.0726, which aligns with the Lower Bollinger Band (Lower BB).
Bearish Momentum: Short-term indicators (SAR, MACD) confirm recent downward momentum.
Reversal Potential: The RSI is currently near 34.5, approaching the oversold territory. If the current support holds, we could see a bounce from this level.
Decisive Level:
If $YGG breaks below 0.0730, we might see further downside. However, if this support holds, the next immediate target is the Middle Band (around 0.0745).
❓ What are Your Thoughts?
Despite this minor pullback in the market, many altcoins are poised for another rally.
In your opinion, will $YGG bounce from here, or is more consolidation still needed in the crypto market?
Share your insights in the comments below