Summary
• Price declined from 0.00992 to 0.00932, breaking key support with bearish momentum.
• RSI and MACD confirmed weakening momentum with bearish crossovers.
• Volatility expanded as price moved outside recent Bollinger Bands.
• Volume increased during the downward trend, confirming bearish bias.
• Fibonacci 61.8% level at ~0.00932 acted as a critical psychological threshold.
Pixels/Tether (PIXELUSDT) opened at 0.00992 on 2026-01-04 at 12:00 ET and traded as high as 0.01026 before closing at 0.00932 on 2026-01-05 at 12:00 ET, with a low of 0.00928. Total 24-hour volume reached 71,812,140.00, and notional turnover was approximately 709,885.57.
Structure & Formations
The price action showed a clear bearish breakdown below the 0.00968 psychological support. A key Fibonacci 61.8% retracement level at 0.00932 was tested and confirmed as a significant level. Multiple bearish engulfing and dark cloud cover patterns emerged during the descent, reinforcing the bearish narrative.
Moving Averages
On the 5-minute chart, the price closed below both the 20-period and 50-period moving averages, suggesting continued bearish bias. On the daily timeframe, the 50/100/200 EMAs were not available in this dataset but historically would act as potential dynamic resistance or support.
MACD & RSI
MACD lines confirmed bearish momentum, with a negative crossover and bearish divergence visible. RSI dropped below 30 during the key selloff, indicating oversold conditions and potential for short-term bounce, though the bearish trend remains intact.
Bollinger Bands
Price broke decisively below the lower Bollinger Band, signaling a volatility expansion and confirmation of the bearish move. The widening bands suggest increased trading activity and market uncertainty.
Volume & Turnover
Volume spiked during the breakdown below 0.00968 and remained elevated throughout the bearish trend, validating the move. Notional turnover also increased during the downward phase, confirming price action and reinforcing the bearish bias.
Fibonacci Retracements
The price found critical resistance near the 0.00968–0.00970 level before breaking down. The 61.8% Fibonacci retracement level at 0.00932 became a pivotal support level that was tested and held, suggesting possible consolidation or reversal in the near term.
Pixels/Tether appears to be entering a period of consolidation near the 0.00932 level. Traders may watch for a rebound test of this level or a potential break lower, with caution advised due to the fragile bearish structure and risk of a sharp rebound from oversold RSI conditions.
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