VOXEL -179.21% in 24 Hours Amid Sharp Sell-Off and Market Sentiment Deterioration

On SEP 6 2025, VOXEL dropped by 179.21% within 24 hours to reach $0.0552, VOXEL dropped by 72.46% within 7 days, dropped by 72.46% within 1 month, and dropped by 6891.66% within 1 year.

Recent on-chain activity for VOXEL shows a marked withdrawal of large wallet holdings, with over 500,000 units transferred to inactive addresses in the last 72 hours. This suggests a shift in investor behavior toward risk aversion and a potential reassessment of the asset’s fundamentals. On the governance front, a proposed upgrade to the VOXEL consensus mechanism failed to gain traction in a recent community vote, casting uncertainty over the project’s future roadmap. The rejection of this upgrade has been interpreted as a sign of fragmented community support, compounding existing technical and market headwinds.

Technical indicators have also turned bearish. The 50-day and 200-day moving averages have crossed into a death cross pattern, reinforcing downward pressure. Additionally, the Relative Strength Index (RSI) stands at 14, signaling oversold conditions and a high likelihood of a short-term bounce within the next few sessions. However, the overall trend remains firmly bearish, with the MACD line showing a consistent decline and the histogram narrowing toward zero.

Backtest Hypothesis

To evaluate potential strategies in such a bearish environment, a backtesting approach has been proposed. The strategy involves setting a stop-loss at 90% of the entry price and a target exit at 110% of the entry price during identified oversold RSI conditions. The aim is to capture potential rebounds within a constrained market. The strategy assumes a 24-hour holding period and includes a risk management rule to exit the position if the RSI crosses above 50 before reaching the target. This approach is designed to balance short-term volatility with the broader downtrend, leveraging technical indicators to optimize for limited upside while mitigating losses.