$PIXEL Below is the fundamental technical analysis of Pixel (Pixels token)** based on recent information:
1. **Current Price and Trading Volume**
- Pixel is currently trading at **$0.35784**, down slightly **1.37%** in the last 24 hours.
- Daily trading volume reached **$102 million**, indicating relatively high liquidity.
2. **Price Trend and Pattern**
- PIXEL is forming a "Cup and Handle" pattern on the daily timeframe, indicating the potential for price increase in the medium term if it breaks through significant resistance.
- RSI (Relative Strength Index) is at **42.39**, indicating no oversold or overbought condition, a neutral trend.
3. **Support and Resistance Levels**
- Major support is in the range of **$0.20 - $0.25**, while strong resistance is at **$0.48**.
- If the price breaks through the **$0.48** level, it is forecasted to reach subsequent targets such as **$0.59 - $0.70** in the long term.
4. **Technical Indicators**
- Short-term moving averages like EMA-10, EMA-20 are giving sell signals, but EMA-50 is giving a buy signal.
- Volatility over the past 3 months has been quite high (**67.81%**), indicating significant risk.
5. **General Comments**
$PIXEL is gaining attention in the GameFi and Play-to-Earn sector, ranking #12 in this field. However, attention is needed on the risk from uneven distribution: 97% of the supply is in the hands of the top 10 wallets, creating potential for price manipulation.
If you are interested in investing, closely monitor support/resistance levels and project news to make informed decisions.
$PIXEL #PIXEL📈