$VOXEL is currently trading at $0.1004, reflecting a 7.8% increase over the past 24 hours. The token’s price has fluctuated between $0.0911 and $0.1060 during this period. The market capitalization stands at approximately $24.5 million, with a circulating supply of around 243.8 million tokens.
Price Analysis
VOXEL has experienced significant volatility in recent weeks. On April 20, the token surged over 200% within 30 minutes, reaching a peak of $0.18, due to a suspected trading glitch on the Bitget exchange. This rapid increase led to a trading frenzy, with volumes hitting $12.7 billion. However, the price corrected shortly after, stabilizing around the current levels.
Technical analysis indicates that VOXEL is approaching a resistance level near $0.1776. A breakout above this could signal further bullish momentum, while failure to breach this level might lead to consolidation or a pullback.
Market Sentiment
Investor sentiment towards VOXEL is mixed. The recent price surge and subsequent correction have raised concerns about market manipulation. Bitget has initiated legal action against eight accounts accused of manipulating VOXEL futures, alleging they profited $20 million from the incident. This has led to increased scrutiny and caution among traders.
Predictions
Price forecasts for VOXEL in 2025 vary:
CoinCodex: Predicts a trading range between $0.10 and $0.49, with an average price of $0.29.
Changelly: Estimates a maximum price of $0.1284 by September 2025.
CoinLore: Offers a more bullish outlook, projecting a price range of $2.11 to $3.13 by the end of 2025.
These predictions highlight the uncertainty and speculative nature of VOXEL’s future performance.
