Treasure

Pixels

Date: Mon, Dec 09, 2024, 03:48 PM GMTIn the cryptocurrency market, the ongoing bullish momentum continues to attract attention. Ignoring a mild correction today, Bitcoin (BTC) recently achieved a monumental milestone, hitting an all-time high of $103,900 following a 28% surge over the past 30 days.This bullish sentiment has extended to the <a href="https://coinsprobe.com/xai-and-portal-retesting-key-levels-after-breakouts-what-to-expect-ahead/" rel="noopener noreferrer nofollow">altcoin </a>market, including gaming-related tokens Treasure (MAGIC) and Pixels (PIXEL), which have exhibited remarkable rallies. Over the past month, MAGIC has soared by 70%, while PIXEL has gained 37%. Both tokens are currently in the retesting phase after making key breakouts.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7c75619bbe004fe78f5d41bfac3b7884.png" />Source: Coinmarketcap<h3 id="treasure-magic">Treasure (MAGIC)</h3>MAGIC has demonstrated a strong bullish trend, beginning its recent rally from a monthly low of $0.36. This momentum enabled the token to break out of a multi-year descending triangle, surpassing both its downward trendline and horizontal resistance level of $0.63. MAGIC climbed to a local high of $0.70 before retracing slightly.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/bd520dfd3eea45bcbcf6070c5e34a09a.png" />Currently, MAGIC is undergoing a retest of its previous resistance, which has now turned into support at $0.6450. If this level holds and MAGIC manages to bounce higher, it could target its next major resistance zones at $1.02 and $1.60. These levels represent a potential upside of 150% from its current price, making them key indicators of further bullish potential.<h3 id="pixels-pixel">Pixels (PIXEL)</h3>Similarly, PIXEL has seen impressive gains, rallying 37% in the last 30 days. The token surged from a monthly low of $0.18 to a high of $0.30, breaking a key resistance level at $0.2450 in the process. Like MAGIC, PIXEL is now in a retesting phase, trading at $0.2552 after pulling back from its highs.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/cee44cd7deba44169cdd85bd5a29072d.png" />Should PIXEL successfully reverse from its current support, it could aim for the next resistance level at $0.5130. This represents a potential 100% gain from its breakout point. Clearing this level would likely confirm the continuation of its bullish momentum.<h3 id="what-to-expect-ahead">What To Expect Ahead?</h3>Both MAGIC and PIXEL are positioned at crucial technical levels. Whether they can sustain their breakout levels and reverse positively will significantly influence their short-term price action. The broader market conditions, particularly Bitcoin’s declining dominance (now at 56.02%, down from a recent high of 61.53%), could further boost the performance of altcoins.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read:<a href="https://coinsprobe.com/xai-and-portal-retesting-key-levels-after-breakouts-what-to-expect-ahead/" rel="noopener noreferrer nofollow"> XAI and PORTAL Retesting Key Levels After Breakouts: What To Expect Ahead?</a>

MAGIC and PIXEL Retesting Key Levels After Breakouts: What To Expect Ahead?

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