$PIVX has seen a 3.852% increase over the past 24 hours, indicating a short-term bullish momentum.
However, it remains within a broader downtrend, with key resistance at 0.1379 and support at 0.1323.
The Bollinger Bands show that PIVX is in a tight range, suggesting low volatility.
While Bitcoin's correlation is currently undefined, any major movements could impact PIVX’s price due to market sentiment.
With mixed macroeconomic signals, including inflation data and regulatory news, caution is advised.
Traders might opt for short-term strategies given the current volatility.
Key takeaway: Keep an eye on Bitcoin's movements as they remain crucial for PIVX's future developments.
