#Pixelverse (PIXFI) has experienced substantial price volatility over the past two weeks.
On July 19th, PIXFI's price surged to a high of approximately $0.099011.
Following this peak, $PIXFI entered a pronounced downtrend, characterized by lower highs and lower lows.
On July 21st, PIXFI found support near $0.06000. However, the bulls were unable to maintain this level, causing the price to fall to the next support at $0.038000.
Since July 25th, $PIXFI has been in a consolidation phase, oscillating within a narrow range between $0.03000 and $0.04000.
The RSI is currently at 44.30, suggesting a neutral market condition, while the price is trading below all Simple Moving Averages (SMAs).
According to Coingabbar analysis, #PixelVerse may see further declines if it breaks below the lower boundary of the consolidation range around $0.03000.
For PIXFI to regain its bullish momentum, it needs to break above the immediate resistance at $0.04000.
KEY LEVELS :
RESISTANCE LEVEL : $0.039000-$0.055000
SUPPORT LEVEL : $0.025000-$0.018000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Also read: DOGS Token Price Prediction: Why $DOGS Prices Are on DeclineLokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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