Market Overview for Pixels/Tether (PIXELUSDT) – 24-Hour Analysis

Summary
• Price declined from 0.00831 to 0.00792 amid heavy selling pressure in early hours.
• A bearish engulfing pattern formed near 0.00831, signaling potential short-term weakness.
• RSI dipped below 30 after midday, suggesting oversold conditions but not immediate reversal.
• Volume surged during the 12:00–17:00 ET window as price hit key support levels.
• Bollinger Bands widened as volatility increased, with price trading near the lower band for most of the session.

Pixels/Tether (PIXELUSDT) opened at 0.00828 on 2025-12-18 12:00 ET and closed at 0.00792 on 2025-12-19 12:00 ET, with a high of 0.00831 and a low of 0.00761. The 24-hour volume reached 31.3 million, with a notional turnover of $250,853.

Price action saw a strong bearish bias during the initial 5-hour window, with a sharp decline from 0.00831 to 0.00771. A bearish engulfing pattern formed after the initial bullish open, suggesting renewed bearish control. Volume surged during this sell-off, aligning with the price drop and reinforcing the bearish signal.

The RSI dropped below 30 after the 5:00 AM ET hour, indicating oversold conditions, but failed to show immediate bullish divergence. The 20-period EMA on the 5-minute chart remained below price for most of the session, supporting the bearish momentum.

Bollinger Bands showed increasing volatility, with price trading near the lower band for most of the day. The 61.8% Fibonacci retracement level of the earlier bearish move sits at 0.00774, where price found some temporary support.

Looking ahead, a close above 0.00805 could signal a short-term reversal, but a breakdown below 0.00770 may confirm a deeper bearish bias. Investors should remain cautious due to heightened volatility and uncertain sentiment.