Pixelverse a Social-Fi altcoin lunched on the Ethereum blockchain has experienced a notable uptick in price today, surging nearly 60% amidst growing momentum.
What is Pixels?
Pixels (PIXEL) is a captivating blockchain-backed game that immerses players in a world of farming, exploration, and creation. This social casual web3 game, powered by the Ronin Network, offers a unique blend of digital collectibles and in-game currencies, fostering a vibrant and active community.
At the heart of the Pixels ecosystem is PIXEL, the native utility and governance token. PIXEL serves multiple functions within the game, enhancing the player experience through various features.
Technical Outlook
As of the time of writing,
PIXEL is up 54% trading within a bullish reversal price movement. the asset's 4 hour price chart reveals a bullish Harami candle stick pattern which when accompanied by a strong fundamental, is a strong bullish pattern.
Since Listing, the asset has seen a +152.27% rise in price before losing almost 95% of market value. With growing momentum as hinted by the RSI at 89,PIXEL is well ready for a comeback with a move to reclaim the $700 million market.
As per data from CMC,PIXEL has seen a 609.92% surge in 24 hours trading volume today, that is insane given the asset has since being oversold constricting itself to a falling wedge. A break above the $0.05 could be the catalyst PIXEL needs for a comeback.
Similarly, shouldPIXEL fail to pull that stunt, a break below the $0.040 support could be a big problem for the social-fi token.
What is Pixels?
Pixels (PIXEL) is a captivating blockchain-backed game that immerses players in a world of farming, exploration, and creation. This social casual web3 game, powered by the Ronin Network, offers a unique blend of digital collectibles and in-game currencies, fostering a vibrant and active community.
At the heart of the Pixels ecosystem is PIXEL, the native utility and governance token. PIXEL serves multiple functions within the game, enhancing the player experience through various features.
Technical Outlook
As of the time of writing,
PIXEL is up 54% trading within a bullish reversal price movement. the asset's 4 hour price chart reveals a bullish Harami candle stick pattern which when accompanied by a strong fundamental, is a strong bullish pattern. Since Listing, the asset has seen a +152.27% rise in price before losing almost 95% of market value. With growing momentum as hinted by the RSI at 89,
PIXEL is well ready for a comeback with a move to reclaim the $700 million market. As per data from CMC,
PIXEL has seen a 609.92% surge in 24 hours trading volume today, that is insane given the asset has since being oversold constricting itself to a falling wedge. A break above the $0.05 could be the catalyst PIXEL needs for a comeback. Similarly, should
PIXEL fail to pull that stunt, a break below the $0.040 support could be a big problem for the social-fi token. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.