Technical Analysis and Market Sentiment The current price of VOXEL is at 0.06243 USDT, showing a short-term bearish trend after a correction from a sharp spike, followed by a consolidation phase. The price is below EMA 9 (0.0681) and EMA 26 (0.0617), with MACD indicating bearish momentum but with potential for a reversal as the gap narrows. Volume is stable at (55.94M, up 16%) supporting consolidation before a potential breakout. Key support is at 0.06243 and 0.0400, while resistance is at 0.0800 and 0.09716. The market appears to be in an accumulation phase, with an upward opportunity if support holds, but the risk of a decline to 0.0400 remains if support is breached. Trading Recommendations For the short term ( 1-3 days ), buy at 0.06243 with a target of 0.0800 ( +28% ) and stop loss at 0.0580 ( -7% ) for spot and futures ( leverage 3-5x ), taking advantage of the potential bounce from support. For the medium term ( 1-2 weeks ), wait for a breakout above 0.0800 to buy, with a target of 0.09716 ( +21% ) and stop loss at 0.0700 ( -12.5% ). For the long term ( 1-3 months ), accumulate at 0.06243 or lower ( 0.04000 ) for holding with a target of 0.1200 ( +92% ), without stop loss for spot. Avoid long-term futures due to high volatility. Manage risk with position sizing and monitor news on the VOXEL project as well as crypto market sentiment.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#VOXEL
Technical Analysis and Market Sentiment
The current price of VOXEL is at 0.06243 USDT, showing a short-term bearish trend after a correction from a sharp spike, followed by a consolidation phase. The price is below EMA 9 (0.0681) and EMA 26 (0.0617), with MACD indicating bearish momentum but with potential for a reversal as the gap narrows. Volume is stable at (55.94M, up 16%) supporting consolidation before a potential breakout. Key support is at 0.06243 and 0.0400, while resistance is at 0.0800 and 0.09716. The market appears to be in an accumulation phase, with an upward opportunity if support holds, but the risk of a decline to 0.0400 remains if support is breached.
Trading Recommendations
For the short term ( 1-3 days ), buy at 0.06243 with a target of 0.0800 ( +28% ) and stop loss at 0.0580 ( -7% ) for spot and futures ( leverage 3-5x ), taking advantage of the potential bounce from support. For the medium term ( 1-2 weeks ), wait for a breakout above 0.0800 to buy, with a target of 0.09716 ( +21% ) and stop loss at 0.0700 ( -12.5% ). For the long term ( 1-3 months ), accumulate at 0.06243 or lower ( 0.04000 ) for holding with a target of 0.1200 ( +92% ), without stop loss for spot. Avoid long-term futures due to high volatility. Manage risk with position sizing and monitor news on the VOXEL project as well as crypto market sentiment.