🤔$PIVX /USDT Price Analysis – Target Overview😚🌞
The $PIVX /USDT trading pair has shown a positive momentum with a recent price gain of +6.21% in the last 24 hours, reaching a current price of $0.3316. Let’s dive into a detailed technical and market analysis to better understand its potential short-term and medium-term targets.
24-Hour Trading Data:
Current Price: $0.3316
24h High: $0.3735
24h Low: $0.3012
24h Trading Volume ($PIVX
): 36.75M
24h Trading Volume (USDT): 12.20M
PIVX has shown strong fluctuations, reaching its daily high at $0.3735, and testing lower levels with its low at $0.3012, indicating significant intraday volatility. The pair is currently trading closer to its mid-range for the 24-hour period.
Moving Averages Analysis:
MA (7): $0.3362
MA (25): $0.3431
MA (99): $0.3415
The short-term moving averages are showing a slight downward bias with the 7-period moving average ($0.3362) below the 25-period ($0.3431) and 99-period ($0.3415) moving averages, signaling some near-term bearish pressure. However, the price has been staying relatively close to these averages, and we could see it consolidate or form a base for potential upward momentum.
Key Support and Resistance Levels:
Support Level: $0.3012
Resistance Level: $0.3735
The recent price surge has found resistance near the $0.3735 level, which could act as a strong barrier in the short term. If PIVX breaks this level, it might have room to test higher levels. On the downside, the $0.3012 support is crucial for maintaining bullish momentum, and if the price dips below this, we could see further declines.
Volume and Market Depth:
Market Depth: The market depth is showing balanced buying and selling orders with some fluctuations. With the current volume of 36.75M PIVX traded and 12.20M USDT, there’s healthy market interest, which provides liquidity for traders.#BTCNextMove