YGG token rallies 50%, breaking out of a falling wedge | Credit: Veronica Cestari
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Key Takeaways
YGG’s price surged 50% after Upbit announced new trading support.
Rising Daily Active Addresses confirm strengthening on-chain demand.
Negative funding rate hints at a possible short squeeze setup for YGG.
The price of YGG, native to Yield Guild Games, which prides itself on being the world’s first and biggest Web3 gaming guild, has risen by 50% in the last 24 hours.
This development follows South Korea’s largest exchange, Upbit, confirming that it has listed the altcoin. At press time, YGG’s price is $0.21, representing the highest level since mid-September.
But will the cryptocurrency continue to rise? Let’s evaluate it.
Yield Guild Games Breaks Out
YGG has been out of the spotlight for many years, as the altcoin is down 98% from its all-time high in 2021. However, it is now in the spotlight after Upbit announced that it has listed it.
“Yield Guild Games (YGG) KRW, USDT Market Trading Support Announcement Supported Markets: KRW, USDT Market Trading Support Start Date: Scheduled for 2025-10-15 14:30 KST,” The exchange disclosed.
Following the development, the Price Daily Active Addresses (DAA) divergence spiked, signaling renewed network participation.
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A rising DAA divergence indicates that user activity is growing faster than price movement, suggesting that on-chain fundamentals are strengthening before the market fully reacts.
In other words, more unique addresses interact with the token, which precedes a price recovery or continuation rally.
If this trend persists, the growing DAA divergence could serve as an early indication that network demand is increasing, thereby enhancing the likelihood that YGG’s price will build on its recent gains.
Amid that, the Funding Rate has flipped negative, signaling that short traders are paying longs to keep their positions open.
However, despite the YGG price rising, it suggests that strong spot demand is absorbing bearish leverage.
In simpler terms, traders are betting against the rally. Yet, the price continues to climb — a setup that fuels a potential short squeeze.
Therefore, overleveraged short positions could be forced to close if this imbalance persists. Once this happens, YGG’s price will likely be higher in the short term.
From a technical standpoint, YGG appears to be regaining bullish momentum.
The daily chart displays a confirmed breakout from a falling wedge, a pattern typically associated with the end of a downtrend and the beginning of a potential rally.
At the same time, Holders Sentiment has shifted into positive territory, reflecting confidence among investors who had previously remained cautious.
This sentiment aligns with the Money Flow Index (MFI) climbing to 65.98, a sign of increasing buying pressure.
If this momentum holds, YGG’s price could soon challenge the $0.22 resistance. A close above that level could trigger a more substantial rally toward $0.28, marking a 25% upside from current levels.
However, if profit-taking intensifies, the bullish setup might lose steam. In that case, YGG could retrace below the breakout zone, potentially sliding back to $0.12, where its significant support lies.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
