Market Overview for Pixels/Tether (PIXELUSDT)

• Pixels/Tether (PIXELUSDT) climbed from $0.01857 to $0.02072, rebounding off a key support near $0.0192 and testing a fresh 24-hour high
• A strong bullish momentum was confirmed by RSI crossing 50 and MACD turning positive
• Volatility expanded through the session as price broke above the upper Bollinger Band
• Volume spiked in the final 4–6 hours, coinciding with the price push above key resistance
• Fibonacci levels suggest potential pullback to $0.0197–$0.0199 in the near term

Pixels/Tether (PIXELUSDT) opened at $0.01857 on 2025-10-12 at 12:00 ET, reached an intraday high of $0.02108, and settled at $0.02007 by 12:00 ET on 2025-10-13. Total volume traded over 24 hours amounted to approximately 103,186,517.58 pixels, with a notional turnover of around $2,063,731. The price action displayed a decisive bullish breakout and extended gains through late afternoon trading.

On the 15-minute chart, the price formed a classic bullish continuation pattern, with a key breakout above prior resistance near $0.0196 confirming a shift in sentiment. The 20-period and 50-period moving averages trended upwards, with price maintaining above both lines for the majority of the session. A golden cross formed near $0.0193, reinforcing the bullish bias. The 50-period MA crossed the 100-period MA in the morning, adding a short-term buy signal.

The RSI indicator surged past the 50 level and approached overbought territory near 65, suggesting strong short-term momentum, while the MACD remained positive for most of the session. A bullish crossover in the MACD was observed just before the breakout, offering a timely signal for traders. Volatility, as measured by Bollinger Bands, expanded significantly in the final hours as the price broke above the upper band, signaling a high conviction move. Price action remained above the 61.8% Fibonacci retracement level from a recent pullback, suggesting strong buyers controlled the session.

Volume surged in the final four hours of the session, particularly between 13:45 and 16:00 ET, confirming the bullish price action. The notional turnover during this period reached $435,500, representing a 20% increase from earlier in the day. No major divergences were observed between price and volume, and the correlation remained strong. Key support levels identified from the session include $0.0192 and $0.0188, while resistance levels at $0.0205 and $0.02075 were tested and confirmed.

The recent bullish pattern in PIXELUSDT aligns with the candlestick-based backtesting strategy focused on Bullish Engulfing patterns, with a close-follow exit rule after 3 trading days. For example, the move from $0.01931 to $0.01994 on October 13, 2025, formed a clear engulfing pattern and was followed by a continued upward move. If this pattern was captured in a backtest, it could have yielded a 3% return within three trading days. The strategy would benefit from testing on the full PIXELUSDT OHLC data from 2022-01-03 to 2025-10-13 to evaluate the frequency and profitability of such signals. Given the current momentum and volume confirmation, similar patterns may provide trade opportunities in the coming 48 hours.