$PIXEL has experienced a price decline of -1.762% in the past 24 hours, indicating a persistent downtrend.
The asset fluctuated between 0.03368 and 0.03072, with significant resistance at the upper Bollinger Band.
Support at 0.03072 could shield the price from further drops, yet volatility remains high.
Macroeconomic factors, particularly inflation data, continue to unsettle market sentiment, influencing trader behaviors.
Currently, Bitcoin’s correlation appears limited, reducing its influence on PIXEL’s movements.
Traders should consider a short-term approach given the prevailing downtrend and market volatility.
Key takeaway: Monitor support levels closely, as they may dictate the next recovery attempts or further declines.
