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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.

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.
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