PIXELS (on the Ronin Network) is the native utility and governance token in the social casual web3 game called Pixels.
I - Onchain data from 52Hz Onchain (in Vietnamese)I translated the 52Hz Onchain's post from Vietnamese to English, with refinements and explanations of crypto market slangs. I will present text + images so we can view, quote and discuss more easily. I think this is better than sending a simple link.GSR Market withdraws 698,416 PIXELS ~$511K from Binance, bringing the total amount of PIXELS they have accumulated in the past 24 hours to 1.03M PIXELS ~$766K. At the current price, they are in profit.
The current withdrawal price range is quite close to the price range that the anonymous wallet associated with Jump Trading accumulated before pumping to $1. Data on the average entry of Whales in the past 24 hours from Scopeschat also shows this.
Coupled with the fact that the PIXELS tokens that users can earn in the game have also been reduced, it will be easier for whales to accumulate tokens when the selling pressure from play-to-earn users is no longer a major factor.
GSR Market has started accumulating a large amount of PIXELS, so it is highly likely that they want to continue to push the price up, it is only a matter of time.
Note that during the process of re-accumulation to push the price up, it is inevitable that the price chart will need to pull back to shake off weak hands.
II - Technical analysis (4H chart)The PIXELS price is currently in a sideways range around the 4H EMA34 (Sonic R) and Kumo cloud (Ichimoku). This indicates uncertainty about the current trend, which is ideal for whale accumulation. If the BTC price does not fall too far, the PIXELS price will likely maintain its upward trend instead of retesting $0.5.
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Money Flow