VOXEL +18.12% as Market Sees Sharp Volatility Amid Technical Indicators Shift

On AUG 31 2025, VOXEL rose by 18.12% within 24 hours to reach $0.0543, marking a short-term rebound in a broader context of severe depreciation. The token has dropped by 332.17% within 7 days, 281.2% within 1 month, and a staggering 6863.3% over the past year. This volatility has drawn renewed attention to the token’s underlying fundamentals and technical indicators.

Recent on-chain data revealed a notable accumulation of VOXEL in large wallets, suggesting potential strategic buying amid the sharp declines. This pattern has been interpreted by some observers as an indicator of bottoming behavior in the token’s price trajectory, though no firm conclusions have been drawn.

Technical analysis of VOXEL’s price movements shows a consistent bearish bias across multiple timeframes. The 50-day and 200-day moving averages have both continued to diverge from the current price level, reinforcing the downward trend. Additionally, the Relative Strength Index (RSI) has remained in oversold territory for several days, a condition often associated with potential reversals, although no immediate reversal has materialized.

The token has failed to break above key resistance levels established in the preceding months, remaining trapped in a bearish channel. Analysts have highlighted that a sustained close above $0.06 may be necessary to initiate a meaningful recovery phase. However, such a scenario is currently not supported by volume or momentum indicators.

VOXEL’s recent 24-hour gain is an outlier against its broader trajectory, raising questions about its sustainability. A number of on-chain metrics remain bearish, with declining active addresses and lower daily transaction counts compared to its peak activity periods.