PIXFI — Next Stop 1 Cent, Final Destination 0.006

Aug 15

At the beginning of August, PIXFI showed some signs of life and tried to break its downtrend. However, all attempts to reclaim the support level at 0.023 were unsuccessful.

Conversely, PIXFI has continued its downhill rally and lost another 50% compared to the early August levels. Since its initial pump, PIXFI is down more than 90%.

However, currently, there are no (absolutely no) signs of a reversal or bottom. Therefore, it is likely that PIXFI will continue to fall towards the psychological 1 cent level. At this level, we might see some buying pressure. However, based on the performance during the last weeks and the current market situation, I don't expect this level to hold.

Subsequently, the initial level of 0.006 comes into play.