#PIXFI Token Chart Analysis: A Potential Rebound on the Horizon?

The #Pixfi token has been experiencing a downward trend since reaching its premium high of $0.5000, with the current price standing at $0.040138. However, based on my analysis, there is a possibility that the price may drop further to find support in the indicated area of the chart.

Key points

- The token has been in a downtrend since its peak, indicating a potential correction.

- The price may drop to find support in the indicated area, gathering momentum for a potential breakout.

- A break above the descending resistance line could lead to a rally towards the indicated black horizontal lines.

Chart Analysis:

The chart suggests that the price may retest the support level around $0.0250 before making a potential move upwards. If the price breaks above the descending resistance line, it could lead to a rally towards the first, second and the third black horizontal line.

Conclusion:

While the current trend is bearish, my analysis suggests that there is a possibility of a rebound in the near future. We all should keep observing the support level and the descending resistance line, as a break above it could lead to a significant price increase.