Market Overview for PIVX/Bitcoin (PIVXBTC) on 2026-01-09

Summary
• Price action remained range-bound between 1.43e-06 and 1.44e-06 for much of the 24-hour period.
• A small bearish engulfing pattern formed overnight, signaling potential short-term bearish bias.
• Volume was extremely light, with most 5-minute candles recording zero turnover.
• RSI remained neutral, suggesting neither overbought nor oversold conditions.
• Bollinger Bands showed no recent expansion, indicating low volatility.

At 12:00 ET on 2026-01-09, PIVX/Bitcoin (PIVXBTC) opened at 1.43e-06 and traded between 1.43e-06 and 1.44e-06 over the past 24 hours, closing at 1.43e-06. Total volume across the 24-hour window was 15,526.0 units, with a notional turnover of 0.02186194 BTC.

Structure & Formations

Price action remained tightly consolidated around the 1.435e-06 midpoint of the daily range, with no clear breakouts or reversals. A bearish engulfing pattern developed on 2026-01-09 at 01:45 ET as the candle opened at 1.44e-06 and closed at 1.43e-06, suggesting a potential short-term bearish signal.

Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart were near 1.437e-06 and 1.436e-06 respectively, with price hovering slightly below. Daily moving averages (50/100/200) were not clearly defined due to limited historical data, but price remained within the range of past 7-day trading.

Momentum and Volatility

The RSI hovered around 50, indicating a neutral momentum phase with no clear overbought or oversold signals. Bollinger Bands remained narrow and price stayed within a tight range, reflecting low volatility. MACD showed no clear divergence, with the histogram and signal line remaining close together.

Volume and Turnover

Volume was extremely subdued, with over 50% of 5-minute candles showing zero volume. The two largest volume spikes occurred at 13:30 ET (3900.0 units) and 01:45 ET (598.0 units). Notional turnover aligned closely with price action, with no clear divergence detected.

Fibonacci Retracements

Applying Fibonacci to the recent 5-minute swing from 1.43e-06 to 1.44e-06, price appears to be consolidating near the 38.2% retracement level. On the daily chart, key retracement levels from the prior week remain untested as price action remains range-bound.

Looking ahead, traders may watch for a breakout from the 1.43e-06–1.44e-06 range or a continuation of consolidation. Investors should remain cautious given the low volume and neutral momentum, with price likely to remain range-bound in the absence of new catalysts.