#pixel remains under pressure after a prolonged downtrend, currently trading inside a descending wedge structure. Price is approaching the lower support area of the pattern, where buyers need to defend the zone to prevent another move lower.
A bullish recovery would require a breakout above the wedge resistance and reclaiming the 0.0062 area. Until then, the structure remains vulnerable, with a loss of the current support zone potentially opening the way toward new lows.
Key levels:
๐ข Support: 0.0045 โ 0.0040
๐ด Resistance: 0.0062 โ 0.0072 - 0.0075
๐ Bullish scenario: Holding support and breaking above the wedge could trigger a recovery move toward higher resistance.
๐ Bearish scenario: Failure to hold 0.0045 may accelerate selling pressure and continue the downtrend.