Over the past four hours, Pixels (PIXEL) has experienced notable volatility against Tether (USDT). The trading pair opened at approximately $0.0413, dipped to a low of $0.0386, and then surged to an intraday high of $0.0466. Currently, the price hovers around $0.0450, reflecting a gain of 18.76% from the previous close.
Technical indicators on the 4-hour chart suggest a bullish trend. The Relative Strength Index (RSI) is trending upwards, indicating increasing buying pressure. The Moving Average Convergence Divergence (MACD) shows a positive crossover, further supporting the upward momentum. Support levels are identified at $0.0413 and $0.0386, while resistance levels are at $0.0466 and $0.0500.
Investors should monitor key support and resistance levels. A sustained move above the $0.0466 resistance could signal further bullish momentum, while a drop below the $0.0413 support might indicate a bearish trend. Given the current market dynamics, traders are advised to exercise caution and employ appropriate risk management strategies.
