PIXEL

Pixels

Launchpool

Ronin

<ul class="list-ic vertical">
 <li><span>1</span> <a>The PIXEL crypto price is in the bearish mode, trading below the key moving averages.</a></li>
 <li><span>2</span> <a>The crypto is down by almost 39.15% in the last week, demonstrating the weakness in the price.</a></li>
</ul>
<p>PIXEL is a digital currency that serves as the linchpin for a socially-driven web3 game on the Ronin Network. It debuted as the 46th initiative on Binance Launchpool, inviting participants to stake BNB and FDUSD for PIXEL token farming within a set timeframe. With its dual presence on Ethereum and Ronin blockchains, PIXEL exemplifies adaptability and seamless integration across diverse blockchain environments.</p>
<p>As a virtual asset, PIXEL transitioned from Polygon to Ronin, anchoring an interactive gaming platform that leverages Ronin wallets for user engagement. It fosters a player-centric ecosystem with a strong focus on asset ownership and marketplace dynamics, cementing its status in the blockchain gaming landscape.</p>
<p>The inception of the PIXEL project is credited to a team under the guidance of Luke Barwikowski. This collective brings together a spectrum of talents and backgrounds, reflecting a concerted effort in the conception and introduction of the PIXEL experience.</p>
<h2 class="wp-block-heading" id="strong-pixel-price-analysis-vs-volume-analysis-strong"><strong>PIXEL Price Analysis VS Volume Analysis&nbsp;</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (PIXEL), Price (PIXEL) MA(50), Price (PIXEL) MA(30)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=pixels&amp;pt=PIXEL&amp;df=2023-10-16T18%3A29%3A59.006Z&amp;dt=2024-04-16T18%3A29%3A59.006Z&amp;sat=shchcfg_h7186gdYBpgE&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3B%5B2%3Bprice_usd%3BMA50%5D%3B%5B2%3Bprice_usd%3BMA30%5D&amp;wax=0&amp;wc=%2326C953%3B%23FF5B5B%3B%235275FF&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B%3B" scrolling="no"></iframe>
<p>The PIXEL price is trading below the 50 and 30 moving averages. The volume and <a href="https://www.thecoinrepublic.com/2024/04/15/pikamoon-price-analysis-whats-next-in-the-pika-crypto-price/" target="_blank" rel="noopener noreferrer nofollow">price</a> graph shows that the trading volume has decreased in the last few days, and the price has also declined. In the last few days, the price has gone down significantly. Hence, the price is expected to go down in the long term.</p>
<h2 class="wp-block-heading" id="strong-pixel-crypto-social-dominance-vs-social-volume-analysis-strong"><strong>PIXEL Crypto Social Dominance vs Social Volume Analysis</strong></h2> <iframe loading="lazy" title="Santiment Chart: Social Dominance (PIXEL), Social Volume (PIXEL)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=pixels&amp;pt=PIXEL&amp;df=2023-10-16T18%3A29%3A59.006Z&amp;dt=2024-04-16T18%3A29%3A59.006Z&amp;sat=shchcfg_h7186gdYBpgE&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_volume_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The graph of social dominance and social volume shows that awareness and interaction on social media like X, Instagram, and Telegram have decreased, which has negatively impacted the price. The next momentum of the PIXEL crypto price may depend upon social dominance and social volume.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-of-the-pixel-crypto-strong"><strong>Technical Analysis of The PIXEL Crypto</strong></h2> 
<p><a href="https://in.tradingview.com/chart/PIXELUSDT/DxGX9qhs-PIXEL/" rel="noopener noreferrer nofollow">PIXEL</a> <a href="https://in.tradingview.com/u/writer12_gsm/" rel="noopener noreferrer nofollow"></a> <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p>On the technical chart, PIXEL Crypto displayed seller strength. Additionally, the cryptocurrency is trading below the major EMA, suggesting further weakness. The RSI curve is hovering around 37, which is an oversold zone, and has a negative outlook, implying bearish sentiment in the cryptocurrency. The MACD indicator has formed a red band and a bearish crossover, indicating a corrective move.&nbsp;</p>
<p>Furthermore, the relative strength index (RSI) has revealed a bearish outlook, trading below the middle band, indicating an increase in selling pressure compared to buying.&nbsp;</p>
<p>Given the current situation, traders and investors should remain calm and wait for a clear break above or below the range before making any decisions. It is essential to avoid the fear of missing out to minimize losses.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>PIXEL is a digital currency listed on Binance Launchpool and used in a web3 game on the Ronin Network. Its price has been declining and is expected to continue to do so in the long term due to decreased trading volume and social media activity. Technical indicators suggest sellers are in control and the market is oversold, indicating a bearish sentiment. Traders and investors should remain patient and avoid making hasty decisions until a clear trend is established.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Level: $0.3500</p>
<p>Resistance Level:&nbsp; $0.5200</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>It’s important to note that the views and opinions presented in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading stocks carries inherent risks, and readers should conduct their research before making any financial decisions.</p>

PIXEL Crypto Price Analysis: What’s Next in the Pixels Price?

Table of Contents

Thecoinrepublic.com

Other articles published on Apr 16, 2024

Bitcoin Halving 2024 News LIVE: BTC Price At $63K, Exchange Outflows Spike

Bitcoin Price : Here’s Why BTC Price Falling?

Ripple Sends Major Update To All XRP Users

UNI whales offload $20m after SEC lawsuit, shift to new memecoin

Uminers (HK) Initiates Construction of New Data Center in Ethiopia

New DeeStream’s Presale Lures Stellar & Ripple Poised to Snatch Market Share from YouTube’s Grip:...

Join our free newsletter for daily crypto updates!