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Summary
• Price declined from 0.00894 to 0.00851 over 24 hours, forming bearish patterns.
• Volume increased in the late session, coinciding with a fresh low.
• RSI and MACD suggest weakening momentum with oversold conditions.
• Bollinger Bands show a recent volatility expansion toward the lower band.
• Fibonacci 61.8% support level appears near 0.00856-0.00858.
Pixels/Tether (PIXELUSDT) opened at 0.00893 on 2025-12-16 and closed at 0.00851 on 2025-12-17, with a high of 0.00894 and a low of 0.00847. Total 24-hour volume was 13,806,764.1 and notional turnover reached approximately $116,394 (assuming $1 = 1 Tether).
Structure & Formations
The price formed a bearish engulfing pattern early on, signaling a potential reversal from a minor bullish bias. A key support level appears to be forming near the Fibonacci 61.8% retracement at 0.00856–0.00858. A bullish reversal may occur if price stabilizes above this range.
Technical Indicators
RSI has dipped to oversold territory, suggesting potential for a short-term bounce. MACD lines have turned negative, reflecting bearish momentum. Bollinger Bands widened as the price drifted toward the lower band, indicating heightened volatility in the final hours.
Volume and Turnover
Trading volume surged in the final session, particularly around the 0.00855–0.00860 range, with notional turnover increasing in line with the price decline. This confirms the bearish move rather than indicating divergence.

Outlook and Risk
The price appears to be testing critical support levels, and a rebound could occur if buyers emerge near 0.00856. However, a break below this may extend the decline toward 0.00845. Investors should monitor volume and RSI for potential reversal cues in the next 24 hours.
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