Yield Guild Games Price Prediction: 2024, 2025, 2030

YGG price prediction: Key highlights

1. Primary support and resistance levels

• The lowest support for YGG was identified at $0.13 on the weekly chart.
• On the upside, $3.2 can likely be the highest resistance.

2. Market sentiment

• In April 2024, the market has been observed to be in an uptrend.

3. Predictive forecasts

• Future forecasts from AI/ML predictive models estimate that YGG's average price will reach $2 by 2033 and increase to $3 by 2035.

Get valuable insights on YGG via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

YGG technical analysis: How far can the bulls take the price?

Blockchain gaming has been ever-expanding, and with Play-to-Earn (P2E) games, more investors are looking to explore these avenues. Among several platforms and tokens, YGG stands out. However, to understand its future sustainability, a closer look at Yield Guild Games' price prediction for 2024 becomes essential.
 

At the outset, YGG faced rejection at $0.29. This triggered a series of declines, culminating in the asset's price descending to its lowest support level at $0.13. Despite consistent selling pressure, bullish traders were able to stabilize the price above this threshold. By mid-July, the market witnessed a reversal of fortune as an uptrend commenced.

YGG’s price underwent a significant pump from late July through early August, testing the $0.54 mark. This momentum extended into the second week of August, with YGG touching the higher resistance level at $0.93.

The upswing made YGG smash through the top gainers’ charts. As per CoinMarketCap, the token appreciated by 580%. This uptick was bolstered by the Yield Guild Games’ announcement of the Guild Advancement Program (GAP) Season 4 on August 3. The GAP represents a recurring event in the gaming world, rewarding community members with tokens and various prizes when they fulfill certain challenges within YGG-affiliated games.
 

The following day, Binance announced that it would introduce a YGG/USDT trading pair for perpetual contracts on its centralized exchange (CEX) platform, offering leverage of up to 20x. According to on-chain data, this move drew over $100 million in fresh capital into the YGG ecosystem.

Yet, this was followed by a substantial drop, causing the token to shed many of its gains. This pullback was brief as the token resumed its ascent by mid-September. The late 2023 rally pushed the price over $0.29 in November. 
 

This northbound journey experienced a slight setback at $0.54 in January. Yet, the determination of bulls was noteworthy, reclaiming this level by late February. Riding on this optimism, YGG reached a peak of $1.70 in late March. 
 

This surge could be attributed to Yield Guild Games launching its token on the Ronin network. The move is a strategic part of YGG's plan to widen its influence in the blockchain gaming sector, which experienced considerable expansion in 2023.
 

A test of the peak level again led the altcoin to retract, bringing it to trade at $1.36 at the time of writing. If the bulls succeed in emulating their previous patterns, YGG could reclaim the high resistance level within a few weeks, establishing $2.3 as the new target. However, encountering a price level around $3.2 is expected to result in significant resistance, marking it as a formidable barrier to surpass. 
 

Additionally, the influence of bearish forces within the market cannot be overlooked. Should the current support at $1.31 falter, the price might regress to $0.93. This level can provide a cushion for the bull. Nonetheless, a breach below this threshold might drive the price as low as $0.54.
 

Predictions derived from our models indicate a cautious yet optimistic trajectory for YGG's valuation in the coming years. According to these forecasts, the average price of the token is expected to experience a gradual increase, reaching the $2 mark by the year 2033. Following this, the model predicts that the momentum will continue, propelling YGG's average price to reach $3 by 2035.

YGG's 2024 roadmap: Key indicators to watch and trade

• The Moving Average Convergence Divergence (MACD) and its signal line both began below zero, with the MACD in the lead. They continued to ascend over time, leading the MACD line to cross into positive territory in November, followed by the signal line in the second half of the month.
• After a slight drop in the MACD line, it continued its northbound trajectory. At the point of analysis, the MACD stood at 0.0934, the signal line was at 0.1650, and the histogram was at 0.2584. These values indicated growing bullish momentum.
• The Chaikin Money Flow (CMF) indicator mostly recorded values below zero until January, albeit with a brief upward spike in late July. Since the new year, the CMF has consistently remained in positive territory, reflecting improved buying pressure. It was noted at 0.10 at the time of writing.
• The trading volume remained lackluster until August. Substantial increases in volume supported the price surges that followed. However, this reversed as the prices fell, though not to the previously low levels, indicating a retention of some market interest.
• The subsequent rallies were accompanied by slight recoveries. Notably, even as the price approached its highest resistance, the volume recovered but not to levels seen in August. This was reflective of a cautious stance on the part of the investors.