š $PIVX /USDT Technical Analysis - Bearish Pullback Continues! š
Current Price: $0.3417 (-7.50%)
24h High: $0.3834
24h Low: $0.3366
/USDT has experienced a -7.50% decrease over the past 24 hours, currently trading at $0.3417. After hitting a 24-hour high of $0.3834, the price has retraced and is testing support near $0.3366.
Key Levels to Watch:
Support Levels:
0.3366
0.3002
0.2562
Resistance Levels:
0.3510
0.3950
0.4020
Volume Analysis:
24h PIVX Volume: 13.98M
24h USDT Volume: 4.96M
The trading volume remains relatively moderate, indicating steady interest in PIVX, though the selling pressure is currently dominating the market.
Depth Analysis:
Bid Depth: Support appears at 0.3366, with potential further backing around 0.3002 and 0.2562.
Sell Depth: Resistance at 0.3510 and 0.3950 is expected to challenge any recovery attempts, especially with the current bearish momentum.
Short-Term Outlook:
Bearish Trend: With the -7.50% pullback, PIVX/USDT is in a short-term bearish phase. If support at 0.3366 fails, the price could drop further towards 0.3002.
Potential Rebound: A break above 0.3510 would be needed to reverse the current downtrend and aim for higher resistance at 0.3950.
Conclusion: PIVX/USDT continues to face a bearish pullback. Watch for key support at 0.3366 for signs of potential stabilization or further declines towards 0.3002.
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