PIXFI Token Price Prediction: Market Melt or Temporary Chill

On the hourly chart, PIXFI trade below both the 20 and 50 MA

• On July 18, 2024, #Pixelverse commenced the introduction of its proprietary token, PIXFI, on The Open Network ($TON).

• $PIXFI achieved a significant peak around $0.099000 within the initial 24-hour period post-launch.

• The bulls encountered formidable resistance around the $0.100000 level, prompting a retracement in the price action.

• After reaching its peak, the price experienced a decline of approximately 45%. Currently, it is trading above the support level of $0.050000.

• $PIXFI attempted to breach a descending hourly trendline several times but was consistently rejected, leading to a decline in its price.

• According to Coingabbar analysis, To start a bullish trend, PIXFI must break above the trendline, potentially leading to a recovery towards the psychological level of $0.10000.

• If PIXFI breaks below the $0.050000 support level, it may experience additional declines towards the next support at $0.030000.

KEY LEVELS :

RESISTANCE LEVEL : $0.075000-$0.100000

SUPPORT LEVEL : $0.030000-$0.005000

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