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Summary
• Price tested key resistance around $0.00982–$0.00985, with a failed breakout attempt and bearish reversal.
• RSI entered oversold territory, suggesting potential short-term buying interest.
• Volume surged during the bullish push but faded into the close, signaling weakening momentum.
• A 5-minute bullish engulfing pattern formed near 0.00972, hinting at possible short-term support.
Market Overview
Pixels/Tether (PIXELUSDT) opened at $0.0096 on 2025-12-11 12:00 ET, reached a high of $0.01013, and closed at $0.00985 by 2025-12-12 12:00 ET, with a low of $0.00956. Total volume amounted to 25.44 million, and notional turnover stood at $249,360.
Structure & Key Levels
Price action revealed a distinct topping process near $0.00985, with several failed attempts to push above.

Momentum and Indicators
RSI dipped into oversold territory by the close, suggesting short-term buying pressure could emerge. However, MACD showed a bearish crossover and declining histogram, indicating fading bullish momentum.
Volatility and Bollinger Bands
Bollinger Bands reflected a moderate expansion during the bullish phase, with price often trading near the upper band. A contraction in volatility is now developing, possibly foreshadowing a directional move.
Volume and Turnover
Volume spiked during the bullish run into $0.00994, but subsequent volume declined, signaling a potential lack of conviction. Turnover and price moved in alignment during the early part of the session but diverged toward the close, suggesting waning bullish sentiment.
Short-Term Outlook
With RSI in oversold and a failed breakout attempt evident, price may attempt a short-term rebound. However, the bearish bias remains intact if the $0.00985 level fails again. A pullback below $0.00976 could trigger renewed selling pressure, with increased volatility likely ahead. Investors should remain cautious and watch for confirmation of a directional shift in the next 24 hours.
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