๐ VOXEL/USDT Technical Analysis โ April 19, 2025
As of April 19, 2025, VOXEL is trading at approximately $0.0510 USDT, reflecting a increase over the past
Key Technical Indicators:
Relative Strength Index (RSI): Currently at 28.91, indicating oversold conditions.
MACD: A bullish crossover has been observed, suggesting potential upward momentum.
Moving Averages:
7-day EMA: $0.0437
25-day EMA: $0.0565
99-day EMA: $0.0657 The price is currently below these EMAs, indicating a bearish trend.
Support and Resistance Levels:
Support:
$0.0329 (24h low)
$0.0228 (S1)
$0.0182 (S2)
$0.0156 (S3)โ
Resistance:
$0.0437 (7-day EMA)
$0.0565 (25-day EMA)
$0.0300 (R1)
$0.0327 (R2)
$0.0373 (R3)
Analysis:
VOXEL has experienced a significant price increase, breaking through previous resistance levels. The RSI suggests that the asset is in oversold territory, which could indicate a potential for a price rebound. However, the price remains below key EMAs, indicating that the overall trend is still bearish.โ
Trading Recommendation:
Short-Term Traders: Consider entering a long position if VOXEL maintains support above $0.0329, targeting the $0.0437 resistance level.
Swing Traders: Monitor for a sustained breakout above $0.0565, which could indicate further upward potential.