PIXFI — Ready For Another 19% Drop!

Since its launch on Bitget and a short-lived pump, Pixfi has dumped more than 70%. Every level that acted as some support was broken rather quickly.

On Sunday, there was some glimmer of hope when the token pumped more than 30% in a few hours. However, the price reversed immediately. Afterward, Pixfi printed a bearish pattern, and it is back at its support level.

Based on the previous performance and the overall bearish market, it is likely that Pixfi will break this support level soon. As a result, the token might drop another 19% to its next lower level.

Therefore, I remain cautious and would touch the token.