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

Sunday, Dec 21, 2025 3:17 am ET1min read
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- Pixels/Tether (PIXELUSDT) broke below $0.00811 support, confirmed by bearish engulfing patterns and rising volume during the 24-hour period.

- RSI entered oversold territory near $0.00794, but key resistance at $0.00817 remains intact, limiting immediate bullish potential.

- Fibonacci analysis highlights critical support at $0.00805 (38.2%) and $0.00797 (61.8%), with further declines risking a test of $0.00792–$0.00794 levels.

- MACD turned negative while Bollinger Bands showed price hitting lower bands, reinforcing bearish momentum despite potential short-term consolidation near $0.00804–$0.00806.

Summary
• Price drifted lower, breaking below key support at $0.00811, with bearish momentum increasing in the latter half of the day.
• Volume surged during the breakout, confirming downward conviction and signaling potential for further weakness.
• RSI dipped into oversold territory, suggesting a possible short-term bounce, but key resistance at $0.00817 remains intact.

Pixels/Tether (PIXELUSDT) opened at $0.00809 on December 20 at 12:00 ET, reaching a high of $0.00818 before closing at $0.00804 on December 21 at 12:00 ET, with a low of $0.00794. Total volume for the 24-hour period was 19,975,293.9, with notional turnover of approximately $159,802. The pair appears to have entered a bearish phase, with a breakdown below the prior support level.

Structure & Formations


The price action suggests a breakdown from a key consolidation area around $0.00811–$0.00814, confirmed by a bearish engulfing pattern on the 5-minute chart during the late ET session. A doji formed near the session’s high, signaling indecision before the sell-off intensified. The daily chart shows a clear descent below the 50-period and 200-period moving averages, reinforcing a bearish bias.

Volatility & Momentum


Bollinger Bands show a moderate expansion in volatility during the late afternoon, with price dropping to the lower band. MACD turned negative, crossing below the signal line, indicating weakening momentum. RSI approached oversold levels, hinting at potential short-term relief, but lacks a strong bullish catalyst.

Volume & Turnover


Volume spiked during the breakdown phase, particularly between 01:00 ET and 03:00 ET, with heavy selling pressure pushing price below critical levels. Turnover aligned with volume increases, offering confirmation of bearish conviction. No divergence was observed between price and volume, suggesting the move remains supported.

Fibonacci Retracements


Key Fibonacci levels for the 24-hour swing suggest potential support at $0.00805 (38.2%) and $0.00797 (61.8%). If the current decline continues, the next significant support may come into play near $0.00792–$0.00794.

The pair could test these levels over the next 24 hours, with a possible bounce or consolidation expected near $0.00804–$0.00806. Traders should remain cautious, as a break below $0.00797 could accelerate the downward trend.