#PIXEL/USDT : Testing Key Support
The 4-hour chart for PIXEL/USDT shows the price currently trading around $0.1344, after facing a slight pullback. The price is below the 200-period moving average, indicating a bearish trend.
RSI: The RSI is at 45.21, indicating a slightly bearish sentiment, but not yet in oversold territory.MACD: The MACD shows a mild bullish divergence, with the histogram showing minimal positive momentum. However, the overall trend remains weak.
Resistance: Immediate resistance is at $0.1400, with stronger resistance at $0.1600.Support: Immediate support is at $0.1300, with the next major support around $0.1200.
Bullish: If the price can break above $0.1400, it may move towards $0.1600, but the lack of strong momentum could limit this move.
Bearish: If the price fails to break above $0.1400 and falls below $0.1300, further downside towards $0.1200 is possible.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Always conduct your own research before making any trading decisions.
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