Investors are watching the Web3 gaming token PIXEL as it displays signs of a bearish reversal following an impressive 37% rally. While the broader cryptocurrency market sees renewed optimism thanks to Bitcoin’s recent surge, the Web3 gaming segment struggles to regain its pre-COVID momentum. Reports indicate that this sector has lost over $20 billion in market value this year. Traders should be cautious as they evaluate their next steps amidst fading enthusiasm within this niche market.