Market Overview for PIVX/Bitcoin (PIVXBTC) on 2026-01-18

Summary
• PIVXBTC declines from 1.78e-06 to 1.7e-06, forming bearish momentum with a large volume sell-off post 01:15 ET.
• RSI suggests oversold conditions, but volume fails to confirm a reversal, hinting at further downward pressure.
• Key support appears near 1.65e-06, with 1.7e-06 acting as a short-term floor.

24-Hour Price and Volume Summary

PIVX/Bitcoin (PIVXBTC) opened at 1.77e-06 (12:00 ET − 1), reached a high of 1.78e-06, a low of 1.65e-06, and closed at 1.7e-06 (12:00 ET). Total volume amounted to 162,655.0 PIVX, with a notional turnover of approximately 0.1901 Bitcoin over the 24-hour window.

Structure and Candlestick Patterns

Price action shows multiple bearish formations, including a large engulfing candle post 01:15 ET that confirmed a breakdown from 1.71e-06 to 1.67e-06. Several long lower shadows between 02:30 and 03:30 ET suggest rejection at 1.69e-06, but the lack of follow-through buying indicates weak demand. A doji at 05:45 ET may signal a temporary pause, but it appears to be a minor countertrend signal rather than a reversal.

Moving Averages and Momentum

On the 5-minute chart, price has remained below the 20- and 50-period moving averages, reinforcing the bearish bias. The 50-period MA crossed below the 100-period MA on the daily chart, forming a death cross. MACD shows negative divergence, with bearish momentum intensifying between 01:15 and 02:45 ET. RSI dipped into oversold territory below 30, but volume failed to confirm a reversal, suggesting that any bounce may be short-lived.

Volatility and Bollinger Bands

Volatility expanded significantly after 01:15 ET as price dropped sharply to 1.67e-06 and briefly tested 1.65e-06. Price traded near the lower Bollinger Band for several hours, suggesting heightened bearish control. A contraction in the bands between 03:00 and 05:00 ET may hint at a potential reversal, but a sustained break above 1.72e-06 would be needed to signal bullish intent.

Volume and Turnover Analysis

The largest volume spike occurred at 01:15 ET, where 61,760 PIVX traded as the pair dropped from 1.71e-06 to 1.67e-06. Turnover also spiked sharply at that time, confirming the bearish move. Later volume spikes at 09:30 and 09:45 ET showed buying interest pushing price back toward 1.71e-06, but without follow-through, those rallies failed to hold.

Fibonacci Retracements

Key Fibonacci levels from the 1.65e-06 low to the 1.78e-06 high suggest 38.2% at ~1.72e-06 and 61.8% at ~1.68e-06. Price tested both levels with mixed success, with 1.72e-06 acting as a temporary ceiling and 1.68e-06 as a retest floor. The 50% retracement level at ~1.71e-06 is currently a key pivot for the next 24 hours.

Looking ahead, a retest of the 1.65e-06 level is possible if bearish momentum persists, but a break above 1.72e-06 could signal a short-term reversal. Investors should remain cautious of the prevailing bearish structure and potential for further consolidation in the 1.68e-06 to 1.72e-06 range.