Ronin and ZKsync Experience Significant Decline in Onchain Metrics in 2025
Decline in Onchain Activity: Major blockchains experienced significant drops in active addresses and transaction volumes, with Ronin seeing a 70% decline and Bitcoin a 7.2% decrease, while Ethereum's base layer showed growth amidst ongoing debates about its roadmap.
Impact of Airdrops and Games: The decline in activity for several Ethereum layer-2 networks was linked to cooling interest in airdrops, while Ronin's reliance on the game Pixels highlighted how network activity can fluctuate based on popular applications.
Contrasting Performance of Networks: Despite overall declines, networks like Solana and BNB Chain managed to retain user engagement and activity levels beyond initial hype, showcasing resilience compared to others that saw sharper reversals.
Short-term Trends vs. Long-term Viability: The data suggests that while onchain activity can shift rapidly due to trends and incentives, it does not necessarily indicate systemic issues for the networks, as some chains have shown the ability to maintain user engagement post-hype.
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Technical Analysis for PIXEL
Technical Sentiment Analysis for Pixels (PIXEL) As of , Pixels (PIXEL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PIXEL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, PIXEL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Pixels (PIXEL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00114 | 0.00267 | 0.00438 | 0.00591 | 0.00762 | 0.00915 | 0.0109 |
| Fibonacci | 0.00267 | 0.00391 | 0.00467 | 0.00591 | 0.00715 | 0.00791 | 0.00915 |
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