$PIVX PIVX/USDT Technical Analysis â Steady Gain for Privacy Coin đ°
đ Current Price: $0.3481 (+4.88%)
đ 24h High: $0.3510 | 24h Low: $0.3136
đ 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. Letâs dive into the technical indicators and set 3 potential targets đŻ for this asset.
Key Technical Indicators:
1ď¸âŁ Parabolic SAR (Stop and Reverse):
SAR Value: $0.3329
The price remains above the SAR, confirming the continuation of the uptrend.
2ď¸âŁ Bollinger Bands (BOLL):
The price is approaching the upper Bollinger Band, suggesting strong momentum but also signaling potential resistance.
3ď¸âŁ EMA (Exponential Moving Average):
Short-term EMA shows bullish momentum, with support near $0.3350.
4ď¸âŁ MACD (Moving Average Convergence Divergence):
MACD is in bullish territory, indicating continued buying pressure.
đŻ Targets for PIVX/USDT:
1. Target 1: $0.3550 â Immediate resistance level, a potential breakout point to test the upper Bollinger Band.
2. Target 2: $0.3700 â Mid-term target if bullish momentum continues and volume remains strong.
3. Target 3: $0.3885 â Long-term target, aligned with the previous SAR and higher resistance levels.
đTrading 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.
đĄ 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.
â ď¸ Disclaimer: This analysis is for educational purposes only. Always perform your own research and risk assessment before trading.
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