Based on the 15-minute chart of $PIVX /USDT from Binance, here’s a short-term technical analysis:
1. Current Price
$0.2014, up +30.10%, indicating strong bullish momentum in the last 24 hours.
2. Price Action
24h High: $0.2692
24h Low: $0.1537
Recent Spike High: $0.2190 (very close to current consolidation area)
Recent Low Before Pump: $0.1720
The price recently experienced a sharp upward breakout from around $0.1720 to $0.2190, followed by a pullback and current consolidation at around $0.2014.
3. Candle Pattern Observations
The breakout was marked by a large bullish green candle, followed by:
A long upper wick at $0.2190: indicates profit-taking or rejection.
A red candle: shows a mild pullback or consolidation after the spike.
The current price holding above $0.20 shows strength, but may face near-term volatility.
4. Support & Resistance
Support levels:
$0.1903: previous resistance turned support.
$0.1800–$0.1720: base before breakout.
Resistance levels:
$0.2190: recent local high.
$0.2300–$0.2690: next resistance zone if bullish continuation occurs.
5. Volume
24h Volume (PIVX): 130.81M
High volume confirms the legitimacy of the breakout and suggests strong interest.
6. Trend & Momentum (Short-Term)
Momentum: Strong bullish burst followed by a healthy pullback.
Short-term trend: Bullish above $0.1900.
If price holds above $0.2000, we may see another test of $0.2190+.
A breakdown below $0.1900 might shift momentum bearish in the short term.
Strategy Suggestion
Aggressive traders: Could consider entering on confirmation of support above $0.1900 with stop-loss below that.
Conservative traders: Wait for breakout above $0.2190 with volume before entering.
