Technical Analysis for $VOXEL /USDT - Upward Momentum!

The VOXEL coin has experienced a sharp rise, increasing by 18.39% to trade at $0.0779, marking a strong movement that has caught the attention of traders on the Binance platform. With its highest price in 24 hours at $0.0850 and its lowest price of the day at $0.0656, VOXEL is witnessing a strong bullish trend, confirmed by a massive trading volume of 276.70 million coins. This increase in volume indicates growing confidence and profit accumulation, especially with the pair breaking above the resistance level near $0.0718. The current price movement of VOXEL poses a challenge to short-term supply zones, targeting the level of $0.0861 as a subsequent target, which is a breakout point that could trigger another wave of momentum.

Chart Structure and Market Sentiment

The formation of higher lows on the hourly and four-hour charts, along with continuous buying at key retracement levels like $0.0670, shows that buyers have a strong grip on the market. A retest of the support level at $0.0765 may provide an ideal return for momentum traders. If trading volume continues, VOXEL may surpass the psychological barrier at $0.0900, unleashing potential gains in the medium term. Traders should monitor the depth chart for strong buy offers, as well as price reactions at $0.0813 $VOXEL