$VOXEL ---
๐ฎ VOXEL Coin Recent Performance: A Comprehensive Overview
VOXEL, the native token of the Voxies game, has shown exceptional performance on Binance in recent days. Its price has surged by over 200%, attracting the attention of investors and analysts alike.
๐ Price and Trading Volume Surge
Current Price: $0.0799 (+23.87% in the last 24 hours)
24-Hour Trading Volume: Approximately $2.5 million
Market Cap: $19.28 million
Circulating Supply: 241,042,481 VOXEL
The price rally began when VOXEL rebounded from the $0.0633 support level and tested the $0.0700 resistance. Analysts suggest that if it holds above $0.0680, the next targets could be $0.0722, $0.0746, and beyond. (source)
๐ Sudden Price Surge: Possible Reasons
Several factors might have contributed to VOXEL's sudden rise:
Delisting Vote on Binance: A recent vote proposed delisting VOXEL. Surprisingly, this led to a price spike of over 700%. (source)
Bitget Trading Bot Error: A malfunction in a trading bot on the Bitget exchange generated $12.7 billion in trading volume for the VOXEL/USDT pair, pushing the price unnaturally high. (source)
GameFi Popularity: The growing interest in GameFi and metaverse-related tokens has positively influenced VOXELโs price. (source)
๐ Technical Analysis & Future Outlook
RSI (6): 68.65 (approaching overbought zone)
Moving Averages:
MA(7): $0.0660
MA(25): $0.0657
MA(99): $0.0687
Analysts predict that if VOXEL holds above $0.0665, it may continue to rise. However, a drop below $0.0645 could signal a downtrend. (source)