$VOXEL /USDT ANALYSIS 🔰

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1. Current Price and Market Cap:

• Current Price: 0.2264 USDT

• Daily Change: +57.88%

2. Trading Volume:

• Daily Trading Volume (ADTV): 241.3M

• Average Trading Volume (20 Days): 33.49M

• Total Daily Trading Volume: 241.3M (100% of ADTV)

3. Chart Analysis:

• Price Trend: The price is trading within a descending wedge pattern, which could indicate a potential trend reversal.

• Support and Resistance Levels:

• Key Support: 0.1224 USDT

• Key Resistance: 0.3057 USDT

• Fair Value Gap (FVG): A fair value gap exists near 0.2264 USDT, which could attract buying interest.

4. Technical Indicators:

• Stochastic RSI:

• K: 100.00

• D: 96.62

• The indicator is in the overbought zone, suggesting a potential correction soon.

5. Volume Analysis:

• Buyers: 152,740,354.16 (63.3%)

• Sellers: 88,555,081.74 (36.7%)

• Delta: 64,185,272.42

• Ratio: 1.72

• Overall Asset Score: 264.76

6. Recommendations:

• Trend Confirmation: It’s crucial to monitor a break of the descending wedge to confirm a trend reversal.

• Support and Resistance Monitoring: Track price movement around the support level at 0.1224 USDT and resistance at 0.3057 USDT.

• Technical Indicator Analysis: Watch the Stochastic RSI to identify overbought and oversold conditions.

• Risk Management: Implement risk management strategies like stop-loss orders and profit-taking levels.

▫️Summary:

The current price shows a significant increase with high trading volume, indicating strong buying interest. The technical pattern suggests a possible trend reversal, but it’s essential to watch key support and resistance levels. The technical indicators point to a possible correction soon, making effective risk management strategies crucial.

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