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The Pixels price has plunged 12% in the last 24 hours to trade for $0.5130 as of 4:10 a.m. EST time.
Trading volume also plummeted almost 70%, suggesting waning investor interest. The scenario looks like a typical ‘buy the rumor sell the news’ situation, with investors booking profits for the gains made from hype around PIXEL listing on Binance.
The Web3 token went live on Binance this week, as reported earlier. “This is just the beginning,” it said in a post on X. “The best is yet to come for the Pixels community.”
Our token, $PIXEL, is officially live on @Binance, the world’s largest crypto exchange 🔥
We’ve been working towards this moment for over 2 years, and we couldn’t be more excited to share this massive milestone with you all.
This is just the beginning and the best is yet to… pic.twitter.com/G3MCCf0yMU
— Pixels (@pixels_online) February 19, 2024
The Pixels Price Prognosis
After break below the confines of the ascending parallel channel, the Pixels price is trading horizontally on the 1-hour timeframe. The price is stuck within a range, between $0.4617 and $0.6947. As markets tend not to wait so long, the Pixels price could take to a new directional bias soon.
Based on the technical indicators, the market is leaning in favor of the downside. This is because the Relative Strength Index (RSI) is below the 50 midline while the Awesome Oscillator (AO) is also in negative territory. These accentuate the bearish thesis.
If the bears can haul the Pixels price below the $0.4617 support level, the predominant bullish outlook would be invalidated.
TradingView: PIXEL/USDT 1-hour chart
On the other hand, if the bulls increase their buying pressure, the Pixels price could extend north, first breaching the $0.6000 psychological level before a possible extension to confirm the continuation of the uptrend above $0.6947.
Meanwhile, investors are looking at MK, a GameFi gem that is due to launch soon on multiple exchanges.
Analysts have put MK in their list of best meme coins to invest in with potential for exponential gains.
Promising Alternative To Pixels
Meme Kombat is a crypto gaming platform offering community members a chance to bet on battles featuring popular meme characters such as Dogecoin (DOGE), Pepe the Frog (PEPE), and Wojak (WOJAK).
⚔️ Meme Kombat Friendly ⚔️
The match ups are as follows:
Sponge 🆚 Wojak
Pepe 🆚 FlokiPepe 2.0 🆚 Mong
Milady 🆚 DogeVote for your winners in the polls below👇 Winners make it through to the semi-finals🏆 pic.twitter.com/X8jbf6Xlre
— Meme Kombat (@Meme_Kombat) February 6, 2024
The platform follows a Play-to-Earn (P2E) model through its battle arena, rewarding users who choose winning meme fighters with additional $MK tokens. Powering the Meme Kombat ecosystem, MK gives holders entrance into an innovative new gaming platform designed for gaming enthusiasts.
Community members get the chance to battle out in the arena, represented by meme characters of their choice. There are also larger, more hyped battles beyond the regular battles, where gamers can participate with the potential to win large prizes.
We have the winner of the Meme Kombat Friendly⚔️
SPONGE
Congrats to the whole Sponge community🧽 https://t.co/u0jfxofrP8
— Meme Kombat (@Meme_Kombat) February 9, 2024
Participants get the chance to enjoy a myriad of convenient features. These include active betting and passive staking. Other features are the provision of diverse avenues for earning rewards, especially appealing to dedicated gamers.
Life is so much better when all of us are doing well! pic.twitter.com/HgRixSnYpx
— Meme Kombat (@Meme_Kombat) February 11, 2024
With only 13 days left until listing, now is the last chance to buy MK tokens at the lowest price.
Investors can buy MK for $0.279 on the official website.
Also Read:
- Top 5 Cryptocurrencies With Most Potential For 100x Returns
- How To Buy Meme Kombat On Presale – Alessandro De Crypto Video Review
- Two Hidden Meme Coins to Watch in 2024 – New Crypto Gems With 100x Potential
- New Play-to-Earn Meme Coin Aiming to Become the Next GambleFi Gem
- Austin Hilton Provides Updates on Biggest Meme Token Project Presale Centered Around AI-Generated Battles
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