$PIVX PIVX/USDT Price Analysis: Eyeing the Next Move 🚀

At $0.3614 (+7.24%), PIVX has shown impressive upward momentum but is facing some resistance after reaching the daily high of $0.3834. Let’s analyze the chart and identify key levels and potential strategies for your next move.

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Market Snapshot

24H High: $0.3834

24H Low: $0.3348

Volume: 7.99M PIVX

PIVX has surged from $0.3290, showing bullish momentum, but retracement from the recent high suggests some profit-taking or resistance in the $0.3800 zone.

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Key Levels to Watch 📊

Support Levels:

$0.3500: Immediate support where buyers might re-enter after the pullback.

$0.3348: Strong support zone; holding above this is critical for further bullish continuation.

Resistance Levels:

$0.3800: Current resistance where sellers have stepped in.

$0.4000: Psychological resistance and a key target for bullish traders.

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Indicators in Focus

MACD: Slight bearish divergence forming, indicating the potential for a short-term pullback.

Volume: High volume during the surge supports bullish sentiment, but watch for any drops signaling weakening momentum.

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Trading Strategy

Bullish Scenario:

Entry: $0.3500–$0.3550 on a pullback.

Targets:

First Target: $0.3800

Stretch Target: $0.4000

Stop Loss: Below $0.3340 to manage risks.

Bearish Scenario:

Entry: $0.3700–$0.3800 if resistance holds.

Targets:

First Target: $0.3500

Second Target: $0.3300

Stop Loss: Above $0.3850.

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Final Thoughts

PIVX is showing strong upward momentum but faces significant resistance near $0.3800. A breakout above this level could propel the price toward $0.4000, while a failure to hold above $0.3500 could trigger a deeper pullback. Traders should remain cautious and watch for confirmation of direction before entering new positions.

What’s your strategy for PIVX? Let’s discuss your next move!

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