Analyst: Keep an Eye on XLM and These 2 Altcoins in December

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 02 2024

YGG-4.167%

XLM+0.495%

Should l Buy YGG?

XLM's Potential Growth: Stellar (XLM) is gaining attention due to strong investor confidence and an upcoming Protocol 22 upgrade, which could enhance its bullish momentum if implemented smoothly. It is currently trading above the $0.41 support level, crucial for maintaining its upward trend.
Challenges for YGG and BANANA: Yield Guild Games (YGG) faces resistance at $0.70, needing a catalyst for growth, while BANANA has dropped 9% but remains above key support levels, with an impending token unlock that may introduce volatility depending on market sentiment.

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Technical Analysis for YGG

Technical Sentiment Analysis for Yield Guild Games (YGG) As of , Yield Guild Games (YGG) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for YGG stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, YGG is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Yield Guild Games (YGG) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0122	0.0224	0.0335	0.0437	0.0548	0.065	0.0761
Fibonacci	0.0224	0.0306	0.0356	0.0437	0.0519	0.0569	0.065

About YGG

Yield Guild Games (YGG) is the world’s first and biggest web3 gaming guild where players can find their community, discover games and level up together. Its mission is to become the leading community-based user acquisition platform in web3 gaming.As a network of gaming guilds focused on web3 games, YGG is committed to providing opportunities for its members to achieve success in web3 gaming through questing initiatives such as Superquests and the Guild Advancement Program (GAP). These enable members to build their on-chain identity through its achievement-based reputation system.From its roots in the Philippines to its global network of regional guilds and partnerships with over 80 blockchain games and infrastructure projects, YGG caters to an ever-expanding community of gamers and blockchain enthusiasts.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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