📊 Analysis of PIXEL/USDT (1W)
The PIXEL token is showing the formation of a potentially bullish pattern – a descending wedge on the weekly timeframe. The price has been compressing within the structure for a long time, and there is now an attempt to break upward.
🔍 Key points:
Support is holding around $0.018
Resistance of the wedge has been broken on volume, which increases the likelihood of continued growth
Potential movement — up to the level of $0.55, which represents +1400% from current values
Ishimoku and BB are narrowing, confirming the consolidation phase before a possible impulse
📈 Forecast: if the price consolidates above the resistance line, it may begin a phase of exponential growth.
⚠️ Important: consolidation above $0.04–0.05 will open the way to $0.10–0.16 and higher in a favorable market environment.
🔔 We are watching for confirmation of the breakout and the reaction to the nearest resistances.