Lokesh Gupta
20-07-2024
#Pixelverse, a crypto gaming platform, launched its native token PIXFI on July 18, 2024, on The Open Network (TON).
After a notable price surge over the past two days, #Pixelverse's (PIXFI) trend today has turned bearish.
After forming a high of $0.099000, Bulls encountered resistance near the $0.100000 Psychological level.
$PIXFI currently sits around $0.065 down by 35% from its peak.
On the 30-minute chart, $PIXFI attempted to breach the descending trendline but was rejected multiple times.
Currently, PIXFI is trading below both the 20-period and 50-period moving averages, with the RSI below 40, indicating weakness.
According to Coingabbar analysis, If bulls hold initial support near $0.050000 and break the trendline, expect a recovery towards psychological levels around $0.10000.
If bulls lose initial support and can't breach the trendline, expect selling towards $0.037500, possibly extending to $0.020000.
KEY LEVELS :
RESISTANCE LEVEL : $0.070000-$0.150000
SUPPORT LEVEL : $0.050000-$0.020000
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.
Lokesh 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.
Lokesh 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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