VOXELBTC

$VOXEL

UPDATE

#VOXEL is getting a good bounce from this support level. Expecting 200%+ Quick gain here ✍🏻

#VOXELUSDT #VOXELBTC #BTC #Crypto

Based on the current $VOXEL /USDT data, here’s a quick technical analysis:

Trend & Moving Averages

The price is well below all EMAs (7, 25, 99), indicating a strong downtrend.

The shorter EMA (7) at $0.0437 suggests that the price is struggling to recover.

The longer EMA (99) at $0.0657 shows that the long-term trend is bearish.

Support & Resistance

Immediate support: Around $0.0329 (24h low). If it breaks, the price may dip further.$VOXEL

Immediate resistance: Around $0.0437 (7-day EMA) and $0.0565 (25-day EMA). A breakout above these could signal a potential reversal.

Volume & Market Sentiment

High trading volume (154M $VOXEL in 24h) suggests active interest but mostly on the selling side.

-49% daily change shows aggressive selling pressure.

Possible Trading Strategies

1. For Short-Term Traders:

Consider scalping or shorting if the price stays below resistance.

A bounce from support ($0.0329-$0.0340) could be a quick buy opportunity for a small gain.

2. For Long-Term Investors:

If you believe in the project, wait for a clear reversal signal (breakout above 7 or 25 EMA).

Watch for MACD & RSI for confirmation of trend reversal.
#VOXEL #voxel/usdt #VOXEL🚀🚀🚀 #VOXELBTC #VOXEL