$PIVX /USDT Market Analysis – Binance

The $PIVX /USDT pair has shown impressive performance, currently priced at $0.3865, reflecting a notable 17.69% gain in the last 24 hours. The price has surged from a low of $0.3257 to a high of $0.3890, signaling strong upward momentum and positive market sentiment. The 24-hour trading volume for PIVX is 24.11 million, with $8.52 million in USDT traded, indicating solid market activity.

Price Action & Trend

$PIVX has bounced from the low of $0.3257, and currently, the price is testing a high of $0.3890. This marks a key resistance level, with further price action possibly targeting even higher zones. The recent surge points to strong buyer interest and potential continuation of the bullish trend, especially if the price can hold above key support levels.

Key Levels to Watch

Resistance: $0.3890 – A breakout above this resistance level could lead to further gains, potentially targeting $0.3926.

Support: $0.3257 – The low from the past 24 hours is a critical support zone, providing a solid foundation for the ongoing rally.

Trade Setup

Entry Point: Around $0.3865

Targets:

1. $0.3890 (Short-term resistance)

2. $0.3926 (Mid-term breakout target)

3. $0.4000 (Long-term potential)

Stop Loss: $0.3410 (to protect against sudden reversals)

Market Momentum

The substantial price increase combined with strong volume supports a continued upward trend. If the price maintains its position above key support, there is potential for further upside, especially if the $0.3890 resistance level is breached.

Conclusion

With a 17.69% gain in the last 24 hours, $PIVX/USDT is showing strong bullish momentum. Traders should watch for a breakout above $0.3890, which could trigger further upside. The $0.3257 level provides solid support, and any move above resistance may lead to continued gains. Keep an eye on volatility as the pair approaches higher resistance zones.

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