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Pixels

PIXEL price analysisOKX:PIXELUSDT price broke through the downward trend line on more than decent trading volumes, just as the TA canons require. #Pixel capitalization is only $30 million For comparison, at its highs a year ago, the #Pixels market cap was around $700-800mn. ✔️ The main task now is to keep the price above the trend line. As soon as this is done, we can immediately aim for short-term growth to $0.055 and $0.075 And in the medium term - $0.135 or even $0.30 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
Breaking: $PIXEL Surged 55% Today Amidst Growing Momentum Pixelverse a Social-Fi altcoin lunched on the Ethereum blockchain has experienced a notable uptick in price today, surging nearly 60% amidst growing momentum. What is Pixels? Pixels (PIXEL) is a captivating blockchain-backed game that immerses players in a world of farming, exploration, and creation. This social casual web3 game, powered by the Ronin Network, offers a unique blend of digital collectibles and in-game currencies, fostering a vibrant and active community. At the heart of the Pixels ecosystem is PIXEL, the native utility and governance token. PIXEL serves multiple functions within the game, enhancing the player experience through various features. Technical Outlook As of the time of writing, NGM:PIXEL is up 54% trading within a bullish reversal price movement. the asset's 4 hour price chart reveals a bullish Harami candle stick pattern which when accompanied by a strong fundamental, is a strong bullish pattern. Since Listing, the asset has seen a +152.27% rise in price before losing almost 95% of market value. With growing momentum as hinted by the RSI at 89, NGM:PIXEL is well ready for a comeback with a move to reclaim the $700 million market. As per data from CMC, NGM:PIXEL has seen a 609.92% surge in 24 hours trading volume today, that is insane given the asset has since being oversold constricting itself to a falling wedge. A break above the $0.05 could be the catalyst NGM:PIXEL needs for a comeback. Similarly, should NGM:PIXEL fail to pull that stunt, a break below the $0.040 support could be a big problem for the social-fi token.
Long
by DEXWireNews
PIXELS game in RON $PIXEL Project description: PIXELS is a play-to-earn game built on the Ronin Network, where players can own, trade, and develop in-game assets using blockchain technology, allowing for a decentralized gaming experience with real-world value. Type of project: Play-to-Earn (P2E) game on the Ronin Network. Is it under a block?: Yes, PIXELS operates on the Ronin Network, which is a Layer 2 scaling solution built specifically for gaming, especially to support Axie Infinity and similar decentralized games. Latest update or news: As of July 2024, PIXELS announced the launch of new in-game features, including a marketplace for trading in-game assets and customizable avatars, further boosting player engagement and the utility of NGM:PIXEL tokens. Narrative: Play-to-Earn (P2E), NFT gaming, and decentralized virtual economies. Why is it a good investment? Institutional Backers and Angel Investors: Sky Mavis (Creators of Axie Infinity): Sky Mavis, the team behind the Ronin Network and Axie Infinity, has supported PIXELS as part of the growing ecosystem of blockchain-based games on the Ronin Network. Animoca Brands: A key player in the blockchain gaming space, Animoca Brands has invested in PIXELS to expand its reach in the play-to-earn sector and integrate NFTs into the gaming ecosystem. Yield Guild Games (YGG): Yield Guild Games, a decentralized gaming guild that focuses on play-to-earn economies, has backed PIXELS, allowing its players to earn through the game while using their assets within the YGG community. Angel Investors: Aleksander Larsen (Co-founder of Sky Mavis): While not directly confirmed as an angel investor in PIXELS, Larsen’s strong advocacy for the Ronin Network and play-to-earn ecosystems supports the development and promotion of PIXELS. Gabby Dizon (Co-founder of YGG): Gabby Dizon has expressed interest in supporting play-to-earn games like PIXELS that help gamers earn real-world value through blockchain assets, though no direct investment is confirmed. Futuristic Use Case: Play-to-Earn model: PIXELS allows players to earn real-world value through in-game activities, where they can buy, sell, and trade NFTs and digital assets. The more they engage, the more NGM:PIXEL tokens they can earn. NFT-based economy: With PIXELS, players can own their in-game assets as NFTs, giving them full control over buying, selling, or using these assets in different contexts, creating a player-driven economy. Integration with other games on Ronin: Being part of the Ronin Network, PIXELS has the potential to integrate with other games in the ecosystem, allowing players to use their in-game assets across multiple platforms, creating a cross-game economy. Metaverse potential: As the game evolves, PIXELS could expand into a broader metaverse environment, where players can interact with virtual worlds, trade assets, and build virtual economies that transcend individual games. Why will it make a significant amount of profits? Unique competitive edge: PIXELS is built on the Ronin Network, which is already a proven platform for scalable blockchain games, offering low fees and high transaction throughput. This positions PIXELS ahead of P2E games on other blockchains that face scalability issues. Growing player base on Ronin Network: As the Ronin Network continues to attract more players and developers through games like Axie Infinity, PIXELS benefits from being part of this growing ecosystem, driving demand for NGM:PIXEL tokens as more users engage with the game. P2E and NFT integration: PIXELS integrates the play-to-earn model with NFT ownership, allowing players to monetize their in-game activities and assets. This dual utility of NGM:PIXEL tokens as both a reward and a medium for trading in-game assets makes it attractive to gamers and investors alike. Sustainable in-game economy: The in-game economy of PIXELS is built around the trading and development of NFT assets, creating a sustainable revenue stream through transaction fees, marketplace sales, and NFT minting, which will drive the demand for NGM:PIXEL tokens over time.
by osodatsismoso
#PIXEL/USDT Trade setup#PIXEL is down 70% from its ATH. The orange lines represent token unlocks on the 19th of each month, which typically shows a positive response followed by a subsequent dump. Yesterday's unlock resulted in a green candle today. Technically, it is bouncing from the bottom of the falling wedge pattern, and the RSI is oversold. IMO, This presents a potentially lucrative trade opportunity, DYOR, NFA Do hit the like button if you want me to post more, Thank you #PEACE
Long
by Cryptorphic
Trade Idea for PIXELS (PIXEL)PIXELS (PIXEL) is currently trading around $0.415, positioning itself as a key player in the Web3 gaming sector. PIXELS aims to provide a broad and interactive open-world environment involving farming, exploration, and creation, leveraging zk-SNARKs technology to ensure secure and confidential transactions on the blockchain. Start building a position at the current market price of around $0.415. This level offers a strategic entry point considering the project's potential and current market valuation​. Plan to accumulate more PIXEL tokens if the price drops to $0.36 and further to $0.30. This approach allows for averaging down the entry price and maximizing exposure during market dips​​. Set take-profit targets at $0.675, $0.81, and $0.90. These targets are chosen based on anticipated resistance levels and historical price movements, aiming to capture significant upside potential​​. PIXELS is focused on enhancing the gaming experience within the Web3 space by integrating advanced cryptographic techniques. Its unique approach positions it as a critical player as privacy concerns continue to rise in the blockchain gaming sector​. The broader cryptocurrency market trends and increasing interest in Web3 and privacy solutions can drive demand for PIXEL tokens. Monitoring developments and partnerships within the PIXELS ecosystem will be essential to adjust the investment strategy accordingly. Accumulating PIXEL at strategic price points leverages market volatility and the project’s promising fundamentals in the Web3 gaming space. The phased profit-taking strategy aims to optimize returns while balancing risk. This trade idea is based on the current market data and PIXELS’ strategic positioning as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice. By following this strategy, investors can potentially capitalize on the volatility in PIXELS’ price while maintaining exposure to a project with strong fundamentals in the growing Web3 gaming space.
Long
by icordkaz
Pixels (PIXEL)Pixels is a web3 game powered by the Ronin Network, It involves a mesmerizing open-world game that revolves around farming, exploration, and creation. Pixels popularity and users are increasing every day; also, its 24H volume is noteworthy. Anyway, PIXEL is still young and there are not enough candles available. But, there are some patterns which can be used; first PIXEL moved in an inverted wedge pattern, then broke the wedge upward and now making a pullback/correction on the wedge's upper line. PIXEL shows promising future for web3 gaming. Let's see when PIXEL breaks the minor downtrend line upward.
Long
by SaeedSalehinia
PIXEL/USDT Gearing up for a Bull Rally? 👀🚀PIXEL Analysis💎Paradisers, let's turn our attention to an enticing trading prospect with #PIXELUSDT, currently stationed at a pivotal support zone, suggesting a bullish turnaround may be on the horizon. 💎Examining the trajectory of #Pixels, we've observed a rebound from significant resistance. At this moment, the price is taking on a crucial resistance level. Surpassing this barrier, with enduring momentum, hints at a strong chance for a bullish progression. 💎We're vigilant for clear evidence that this resistance has transitioned into support. With the bullish trend continuing, we anticipate an attack on the vital resistance marks at $1.03. 💎If the drive behind NGM:PIXEL begins to fade, remain alert for a possible bullish recovery from the robust support at $0.44. Yet, falling beneath this key threshold may indicate a move into bearish realms.
Long
by MyCryptoParadise_Simon
1
PIXELUSDT [TWO OPTIONS]Pixels hasn't generated as much hype as we expected. While the game concept is exciting, the team's weakness compared to other cryptocurrencies but the CEO's young age and lack of a strong resume are concerning. Advantages: Exciting game concept 700.000+ users Bull market The crypto market is unpredictable and unexpected products can explode Disadvantages: Weak team Inexperienced CEO Not enough hype generated The Binance Launchpool's initial price is about 0.5. There are constant buys in at the 0.5 levels. However, sells are coming in when it goes above the 0.5 level. I think Pixel coin will rise because we are in a bull market and Pixel coin is a very new coin.
Long
by keci