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$PIXEL just pulled a move that caught most people sleeping today.
We have been stuck in a brutal downtrend for months but look at that massive green candle jumping over seventeen percent. This is the first time in a long while that we have actually broken out of this tight accumulation range. The daily chart shows we finally cleared that annoying resistance near zero zero five five.
Volume is definitely waking up too which is a good sign for the bulls. If you check the order book it is heavily stacked with over seventy percent buy orders right now. People are clearly trying to front run a potential trend reversal here.
The next big test is going to be holding this area as support. If we can stay above zero zero six then we might actually have a shot at testing zero zero seven soon. If it was just a fake out though we will probably see it bleed back down into the four hundreds.
I am watching the next few hourly closes closely to see if the momentum stays. Are you chasing this pump or waiting for a retest?
#StablecoinMarketCapHitsANewHigh