Market Analysis of YGG/USDT:

YGG is trading around $0.0739, posting a modest 2.64% bounce, but the broader trend remains bearish.

On the support side, immediate support sits at $0.0719, a breakdown here could trigger another leg downward. The major support zone is at $0.0695, marked by a clear swing low where buyers previously stepped in, while extended support lies at $0.0675, which may be tested if the downward trend continues.

On the resistance side, immediate resistance is at $0.0754, Stronger resistance exists at $0.0788, with a break above signaling early signs of a trend reversal. The upper resistance zone is at $0.0853, representing the previous supply area that would only be tested if bulls surpass it.

In summary, the short-term shows a weak bounce, the medium-term suggests bearish consolidation, and the long-term downtrend remains intact until YGG closes above $0.0788. A bullish breakout requires reclaiming $0.0754 followed by a close above $0.0788, while a drop below $0.0719 raises the likelihood of retesting $0.0695.

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