$PIVX

PIVX/USDT Technical Analysis – Steady Gain for Privacy Coin 💰

📊 Current Price: $0.3481 (+4.88%)

📈 24h High: $0.3510 | 24h Low: $0.3136

💎 24h Volume: 9.18M PIVX / 3.06M USDT

The PIVX/USDT pair is showing a strong upward trend, with a 4.88% increase in the last 24 hours. As a privacy coin, PIVX is gaining attention, reflecting positive market sentiment in the altcoin space. Let’s dive into the technical indicators and set 3 potential targets 🎯 for this asset.

Key Technical Indicators:

1️⃣ Parabolic SAR (Stop and Reverse):

SAR Value: $0.3329

The price remains above the SAR, confirming the continuation of the uptrend.

2️⃣ Bollinger Bands (BOLL):

The price is approaching the upper Bollinger Band, suggesting strong momentum but also signaling potential resistance.

3️⃣ EMA (Exponential Moving Average):

Short-term EMA shows bullish momentum, with support near $0.3350.

4️⃣ MACD (Moving Average Convergence Divergence):

MACD is in bullish territory, indicating continued buying pressure.

🎯 Targets for PIVX/USDT:

1. Target 1: $0.3550 – Immediate resistance level, a potential breakout point to test the upper Bollinger Band.

2. Target 2: $0.3700 – Mid-term target if bullish momentum continues and volume remains strong.

3. Target 3: $0.3885 – Long-term target, aligned with the previous SAR and higher resistance levels.

🚀Trading Strategy:

For Bulls:

Look for entries near $0.3400-$0.3450, with a stop-loss below $0.3300. Hold for Target 2 ($0.3700) and Target 3 ($0.3885) if the trend strengthens.

For Bears:

Watch for rejection near $0.3550 to short the pair, targeting $0.3300 on a potential pullback.

💡 Pro Tip: If PIVX breaks above $0.3550 with significant volume, it could signal a rally towards $0.3700 and $0.3885. Use trailing stops to manage risk during high volatility.

⚠️ Disclaimer: This analysis is for educational purposes only. Always perform your own research and risk assessment before trading.

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