$PIVX has seen a slight decline of 1.473% over the last 24 hours.
Trading range was between 0.1399 and 0.1322, indicating tight consolidation.
Currently, the price sits near the lower Bollinger Band, suggesting potential volatility ahead.
With support at 0.1322 and resistance at 0.1399, the price action appears trapped in a downtrend.
Macroeconomic concerns, particularly regulatory news surrounding digital assets, may further contribute to market uncertainty.
Bitcoin’s undefined influence raises questions about PIVX's correlation with larger market movements.
Traders should consider a short-term strategy given the prevailing volatility and bearish trend.
Key takeaway: PIVX is at a critical juncture; careful monitoring of macro conditions and price levels is essential for strategic trading.
