Lokesh Gupta
22-07-2024
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
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.
1 year ago
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