Technical Analysis for #PIXEL/USDT
$PIXEL

PIXEL/USDT is currently priced at $0.2344 on the 4-hour chart and $0.2338 on the 1-hour chart, showing a recent upward trend with potential resistance ahead.

The key support level is at $0.2200, while resistance is at $0.2500. The price is below the 200-day SMA on the 4-hour chart ($0.2417), indicating long-term bearish pressure, but above the 200-day SMA on the 1-hour chart ($0.1986), suggesting short-term bullish momentum.

The RSI is 74.26 on the 4-hour chart, indicating overbought conditions, while it is 59.98 on the 1-hour chart, suggesting slightly overbought to neutral conditions. The MACD shows bullish momentum on both time frames, with the MACD line above the signal line.

If the price can maintain above $0.2300 and break through $0.2500, it could target $0.2750. Increased trading volume would confirm the breakout. However, the overbought RSI suggests a potential short-term correction to $0.2200.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency trading involves significant risk. Always perform your own research and consult with a financial advisor before making any trading decisions.

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