$PIVX /USDT Trading Signal - Downtrend Continuation?

Current Price: $0.2919 (-8.72%)

Key Metrics:

24H High: $0.3266

24H Low: $0.2854

Market Overview:

PIVX has been in a sharp decline, breaking below its 25-day moving average. The price is testing support near $0.2854, a critical level for buyers to defend to avoid further downside.

Key Levels:

Resistance: $0.3000 | $0.3150

Support: $0.2850 | $0.2750

Analysis:

The current bearish momentum suggests limited buying interest, with the 99-day moving average at $0.3184 acting as a major resistance zone. A close below $0.2850 could signal further declines toward $0.2750.

Trade Idea:

Entry Zone: $0.2870 - $0.2920

Targets: $0.3000 | $0.3100

Stop-Loss: $0.2800

Observation:

Monitor price action near $0.2850 for a potential bounce or further breakdown. The bearish trend remains intact unless the price recovers above $0.3000.

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