đ¨ PIVX in Danger? $PIVX Struggles to Break Free đ¨
$PIVX has been trading near the $0.20 mark, but itâs not looking great for the bulls. The token faced rejection from the $0.25 level earlier this month, and it hasnât been able to regain momentum since. The moving averages (SMA 7, 25, and 99) are sloping downward, indicating that PIVX remains in a bearish trend. đ
The MACD also paints a gloomy picture, as the indicator is moving further into negative territory, showing that selling pressure still outweighs any buying interest. Volume is low, suggesting that the market isnât confident about a recovery any time soon. If PIVX breaks below the $0.19 level, we could see it test the $0.15 support next, which could result in even further downside.
To flip the script, PIVX would need to break above the $0.20 mark with significant volume and retest the $0.25 resistance. But right now, that scenario seems less likely without a strong catalyst. đ§
All in all, PIVX looks shaky, and caution is advised for short-term traders.
