Currently, $VOXEL is about $0.0565, barely above a substantial demand zone until late 2023. This location has been tested multiple times, making it more important for a strong bounce or breakdown. $VOXEL price analysis, Price movement is critical today, especially as the market changes in the third quarter. Traders and investors are watching $VOXEL to see whether it can hold support and climb again or fall further.
Falling wedge compression is indicated
The weekly chart shows a collapsing wedge, a sign of compression that the market may recover. As the range shrinks and the price approaches the wedge top, a decisive move up increases. The rate of loss for $VOXEL is slowing as it makes lower highs and lower lows. This typically indicates that selling pressure is exhausted, and buyers may take control, especially if volume increases at the support level.
Three supply zones exist above the price. Any rise will likely be supported here. The first region is $0.10, the second $0.22, and the third $0.40. These areas indicate where prior buyers may leave or sellers may return, slowing the rising trend. Each test and break of these zones strengthens the evidence for a longer-term trend change.
Price support is $0.045–$0.06, below current levels. This level has stabilized prices after a long decline. It is the last barrier against a deeper correction. If this level is broken, the bullish structure may be discarded, and lower targets may be possible. If this area is held, the pattern may change.
EMA level, the daily chart shows a change
Daily, $VOXEL tries to break above its exponential moving average (EMA). Bullish buyers should be excited because regaining a position above the EMA typically indicates a short-term trend reversal. $VOXEL price analysis, Follow-through volume and a daily close above resistance after this breakout could signal a more significant rally.
An EMA breakout occurs when price structure, trendlines, and volume indications align. Daily closings over the EMA line indicate a significant market shift. This can occasionally lead to bigger gains. Technical traders should monitor this because confirmation would signal further positive momentum.
Goal price is $0.0815, and the third quarter appears
$VOXEL has set a $0.0815 short-term price target as the market reverses. This level aligns with previous local highs and key Fibonacci retracement levels. If the falling wedge breakout holds, $0.0815 is a viable goal for the following weeks.
The current market zone will significantly impact $VOXEL’s third-quarter performance. If support holds and more buyers enter, the price might rise beyond $0.0815. If the price falls below the support level, buyers may take over, and the trend may continue down into the next quarter.
Watch the breakout and act
Voxel faces a critical moment. Prices are approaching critical structural levels, and compression is rising, making the next two weeks crucial. If the price rises above the daily EMA, it may continue to rise. However, traders should exercise caution and wait for confirmation before placing a bet. $SOLV Price Analysis, Everyone is focusing on $0.06. If you hold on, bulls may take over. Giving it up lowers prices. Regardless of what happens, today presents an excellent opportunity for those ready to act on market decisions.
