Based on the current $VOXEL /USDT data, here’s a quick technical analysis:
Trend & Moving Averages
The price is well below all EMAs (7, 25, 99), indicating a strong downtrend.
The shorter EMA (7) at $0.0437 suggests that the price is struggling to recover.
The longer EMA (99) at $0.0657 shows that the long-term trend is bearish.
Support & Resistance
Immediate support: Around $0.0329 (24h low). If it breaks, the price may dip further.$VOXEL
Immediate resistance: Around $0.0437 (7-day EMA) and $0.0565 (25-day EMA). A breakout above these could signal a potential reversal.
Volume & Market Sentiment
High trading volume (154M $VOXEL in 24h) suggests active interest but mostly on the selling side.
-49% daily change shows aggressive selling pressure.
Possible Trading Strategies
1. For Short-Term Traders:
Consider scalping or shorting if the price stays below resistance.
A bounce from support ($0.0329-$0.0340) could be a quick buy opportunity for a small gain.
2. For Long-Term Investors:
If you believe in the project, wait for a clear reversal signal (breakout above 7 or 25 EMA).
Watch for MACD & RSI for confirmation of trend reversal.
