The recent bounce on PIXEL/USDT is beginning to lose strength. Buyers pushed the price higher earlier, but the momentum now appears weaker compared to the initial move.
Price is still attempting to grind upward, however the follow-through from buyers is not as convincing. When a bounce starts to slow down like this, it often signals that the move is running out of momentum.
At the same time, sellers seem to be gradually stepping back into the market. This type of structure often leads to a pullback once the bounce runs out of steam.
Traders should watch closely for potential downside continuation if selling pressure increases.