Market Overview for PIVX/Bitcoin on 2025-12-22

Summary
• PIVXBTC tested support near 1.36e-06 and rebounded, forming a bullish engulfing pattern.
• Volume spiked during the 22:45–23:00 ET window, coinciding with minimal price movement.
• RSI remains neutral near 50, while MACD shows no clear divergence or convergence.
• Volatility is low, with price tightly clustering within Bollinger Bands.
• Fibonacci retracement levels suggest a potential pullback to 1.36e-06 or a test of 1.38e-06.

Market Overview

PIVXBTC opened at 1.38e-06 at 12:00 ET − 1 and traded between 1.36e-06 and 1.39e-06 over the next 24 hours, closing near 1.37e-06 at 12:00 ET. Total traded volume was 28,519.0, with a notional turnover of approximately 38.5 units.

Price Structure and Patterns

The 5-minute chart showed a consolidation phase below 1.38e-06, with price testing the support at 1.36e-06 multiple times. A bullish engulfing pattern formed near 02:15–02:30 ET, as price closed higher after a bearish open. The 1.36e-06 level appears to have acted as a strong floor, suggesting potential for a short-term rebound.

Volatility and Indicators

Bollinger Bands remained narrow, indicating subdued volatility. MACD remained near zero with no clear divergence, while RSI hovered around 50, suggesting no extreme momentum. Volume was concentrated during two spikes—at 22:45 ET and 02:15 ET—but price failed to break above 1.39e-06 during these periods.

Fibonacci and Projections

Fibonacci retracements from the 1.36e-06 to 1.39e-06 swing suggest 1.375e-06 as a potential retracement level and 1.36e-06 as a near-term support. The 61.8% level at 1.37e-06 may hold if buyers remain active.

Looking ahead, a break above 1.39e-06 could signal a short-term bullish phase, while a retest of 1.36e-06 may offer a buying opportunity. Investors should remain cautious of thin volume and potential consolidation over the next 24 hours.