- Pixels crypto price has surpassed the 20-Day EMA and rose by 17% in the last 4 days.
- The Pixel coin price has declined by 28% from its all-time high.
The PIXEL price has been bullish and recorded an all-time high of $1.03 on March 11, 2024. The bullish trend has been disturbed near the $1 hurdle and performed negatively. During this fall, the price slipped below the 20-Day EMA but buyers managed to lift the price over the EMA.
Pixel crypto price has taken support from the $0.600 level and risen by 15%. The buyers have shown interest in the dip and are trying to convert the fall into a pullback. On the previous day, the Pixels crypto price failed to sustain the $0.800 hurdle and declined.
The current market price of Pixels crypto is $0.755 which has risen by 3.91% in the last 24 hours. The market capitalization of Pixel is $581.90 Million and the 24-hour trading volume is $124.19 Million. The circulating supply is 771,041,667 PIXEL and the fully diluted market cap is $3.78 Billion. The total and maximum supply is 5,000,000,000 PIXEL.
Volume has Dropped by 80% in 2 Weeks; What’s Next?
According to the graph of price and volume, the trading volume has decreased from $830 million to $129 million since March 10 and the price has declined by 28%. In the last two days, the trading volume has declined by approximately 40% but the price has risen by approximately 15%. It means this buying momentum is being supported by the volume and it can be dumped any time.
PIXEL Crypto Social Dominance and Social Volume Analysis
Based on the graph, the social volume and social dominance have decreased for the last few weeks which has left a negative impact on the price. If the awareness and hype increased on social media like X, Instagram, and Telegram increased then it may affect the price positively and vice versa.
Pixel Price Has Triggered A Pullback; Will It Record A New All-time High?
On a wider time frame, the Pixels crypto price has been in a bullish trend, and for the last two weeks, it has performed negatively. The PIXEL price has been struggling between the $0.800 mark and 20-Day EMA for the last 10 days.
Currently, the Pixel coin price is facing rejection from the $0.800 mark and declining. If the price slips below the 20-Day exponential moving average and sustains then sellers may become confident and selling pressure can be expected. The negative trend can be supported by volume because it has also dropped by 50% in the last two days.
On the other hand, if the Pixel crypto price manages to surpass the $0.800 level and sustains, then it may approach the $1 mark in the next few weeks. If the PIXEL chart structure attracts investors, then PIXEL price may record a new all-time high and continue the bullish trend for the long term.
According to the technical indicators, the Pixel price is trading over the 20-Day exponential moving average which shows the buyers’ dominance. RSI is 57 and is heading toward its moving average. Overall, the technical indicators are favoring buying momentum.
Pixel Price Prediction Over 4-H Timeframe
In a 4-H time frame, the Pixel crypto price has been declining through a falling channel. Recently, it has triggered a breakout from the channel and took support on the 20-Day exponential moving average.
Suppose the Pixel price sustains the $0.820 mark then buying momentum for the short term can be seen. But if it slips below the 20-Day EMA then the price may melt to the strong support level of $0.500.
Conclusion
Pixel crypto price has been in a bullish trend and has failed to sustain the $1 mark. The price has taken support on the $600 and surpassed the 20-Day EMA with bullish momentum but the volume is not supporting. According to the analysts, the Pixel crypto price will gain bullish momentum over the $0.800 mark, and below the 20-Day EMA, it is predicted to remain bearish.
Technical Levels
Resistance Levels: $.0800 & $1.00
Support Levels: $0.600 & $0.500
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.