#PIXEL Analysis: Is the Bottom In?đ±
PIXEL has been on a downward trend lately, printing lower lows and lacking clear support zones since its recent listing. However, a potentially #Bullish sign emerges: a falling wedge pattern is taking shape.
Falling Wedge Explained: This pattern often precedes a trend reversal, with price action getting squeezed between converging trendlines. If a breakout occurs above the resistance zone between $0.32 and $0.35, accompanied by significant trading volume, it could signal a potential price increase.
Important Caveats:
âą It's still early to definitively call a bottom.
âą A break below the falling wedge could indicate further downside.
What to Do?
For now, a wait-and-see approach might be prudent. If you're interested in $PIXEL , monitor price action around the resistance zone and watch for increased trading volume on a potential breakout.
Are You Holding PIXEL ???