Week in GameFi: Market Downturn Halts GameFi Gains, But Tokyo Shows Progress
GameFi Market Overview: The GameFi market experienced a significant dip due to geopolitical tensions, with total market capitalization falling from $22 billion to $17.93 billion, although some recovery signs are emerging in top coins like SuperVerse.
Blockchain Gaming Highlights: New games like Pixels and PlayEmber have surged in player activity, while the Tokyo Game Show 2024 showcased advancements in web3 gaming, including collaborations with major companies like Sony and Amazon.
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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 | 0.0011 | 0.00265 | 0.00427 | 0.00582 | 0.00744 | 0.00899 | 0.0106 |
| Fibonacci | 0.00265 | 0.00386 | 0.00461 | 0.00582 | 0.00703 | 0.00778 | 0.00899 |
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