4-hour chart analysis of PIXEL/USDT.
General trend:
Observing the candlesticks, the current structure shows a consolidation phase after a prolonged bullish movement. The last red candle indicates a possible correction.
Identified trend: Bullish in consolidation. This is supported by previous behavior, although there are signs of temporary exhaustion.
2. Technical indicators:
Bollinger Bands (BB):
The current price is touching the middle band, suggesting it could act as dynamic support. If it breaks down, the lower band (~0.2720) would be the next key level.