Market Overview for PIVX/Bitcoin on 2026-01-17

Summary
• PIVX/Bitcoin tested key support at 1.77e-06 but rebounded.
• Volume surged during the 08:00–09:00 ET window, confirming a bearish breakdown.
• RSI signaled oversold conditions near 30, suggesting potential for a short-term bounce.
• Price remains below 50-period and 200-period moving averages.
• Bollinger Bands tightened before a sharp drop, indicating a potential breakout in either direction.

PIVX/Bitcoin (PIVXBTC) opened at 1.8e-06 at 12:00 ET − 1, reached a high of 1.97e-06, a low of 1.64e-06, and closed at 1.71e-06 at 12:00 ET. Total volume was 873,898.0, with notional turnover amounting to 1.4669.

Structure & Formations

The 24-hour period saw PIVXBTC form several bearish patterns, including a key breakdown below 1.77e-06, where price had previously found support. A morning doji at 04:00 ET suggested indecision before a large bearish candle at 08:00 ET confirmed the breakdown. Fibonacci retracement levels indicate potential resistance at 1.78e-06 and 1.82e-06 from the previous swing low.

Moving Averages

On the 5-minute chart, price has remained below both the 20-period and 50-period moving averages, reinforcing a short-term bearish bias. Daily chart analysis shows the 50-period and 200-period moving averages are also bearishly aligned, with price currently below both.

MACD & RSI

MACD lines have remained negative for much of the 24-hour period, with the histogram showing a recent contraction. RSI fell into the oversold territory near 30 during the 06:00–08:00 ET window, hinting at a possible near-term bounce. However, the lack of a strong reversal formation suggests that bears may still control the short-term outlook.

Bollinger Bands

Bollinger Bands showed a period of contraction in the early morning hours, followed by a sharp price drop that broke below the lower band. This indicates an increase in volatility and potential continuation of the downward trend.

Volume & Turnover

The largest volume spike occurred between 08:00–09:00 ET, aligning with a sharp drop from 1.74e-06 to 1.68e-06. Notional turnover rose in tandem, confirming the move. Price and turnover aligned in a bearish direction, with no notable divergence observed.

Looking ahead, PIVXBTC could find short-term support at 1.64e-06 and resistance at 1.78e-06. A breakout above 1.79e-06 may signal a bullish reversal, but risks remain if volume does not confirm any upward movement. Investors should monitor the 50-period moving average as a key level for near-term direction.