$PIVX Tembus +73%, Parabolic Breakout or just a Temporary Euphoria?🤔
$PIVX spiked significantly by +73.12% in the last 24 hours, trading at $0.2299 after briefly touching a high of $0.2692. This is a vertical increase from a low of $0.1300, which technically indicates an extreme buyer push or the potential for a short squeeze.
Crossing EMA (13, 21, and 99) indicates an aggressive bullish trend shift. The price broke through the dynamic resistance of EMA99 ($0.1700) without much consolidation, strongly indicating that buying pressure has completely dominated in the last few hours.
Other technical indicators also support the upward trend:
- MACD golden cross with significantly widening positive histogram
- RSI(6) reached 90.76 (already in extreme overbought territory)
- KDJ remains high but has the potential to form a top divergence if the next candle fails to continue rising
Disclaimer: Not Promotion & Not Financial Advice
