Market Overview: PIVX/Bitcoin (PIVXBTC) 24-Hour Technical Summary

Generated by AI AgentAinvest Crypto Technical RadarReviewed byDavid Feng
Thursday, Jan 8, 2026 9:41 am ET1min read
BTC
--
Aime RobotAime Summary

- PIVXBTC formed a bullish engulfing pattern near 1.45e-06 after consolidating at 1.48e-06, with RSI hitting oversold 30 but weak volume.

- Bollinger Bands showed low volatility until 09:45 ET, while 20-period MA provided dynamic support on 5-minute chart.

- Price closed below middle band with 1.45e-06 as key support, facing potential bullish confirmation if broken amid volume divergence risks.

Summary
• PIVX/Bitcoin formed a bullish engulfing pattern near 1.45e-06 after a 1.48e-06 consolidation.
• RSI hit 30, indicating oversold conditions, but volume remains subdued.
• Price tested the 20-period moving average on the 5-min chart multiple times.
• Bollinger Bands showed low volatility until late ET with a brief expansion after 09:45 ET.

PIVX/Bitcoin (PIVXBTC) opened at 1.47e-06 (12:00 ET−1), reached a high of 1.5e-06, and a low of 1.43e-06, closing at 1.45e-06 (12:00 ET). Total volume for the 24-hour period was approximately 144,184.0 units, with a notional turnover of ~0.0692 BTC.

Structure & Formations


The price action featured a small bullish engulfing pattern near 1.45e-06 after a pullback from 1.5e-06. A key support level appears to have formed around 1.45e-06, with a prior resistance at 1.48e-06. A doji formed at 03:45 ET, suggesting indecision.

Moving Averages


On the 5-minute chart, the 20-period MA acted as a dynamic support line, with price testing it repeatedly during the session. The 50-period MA remained slightly above, reinforcing a potential short-term bullish bias.

MACD & RSI


The MACD histogram showed a weak positive divergence during the late ET rebound but remained largely flat. RSI reached 30 in the early morning, signaling oversold conditions, though buying pressure failed to materialize consistently.

Bollinger Bands


Bollinger Bands exhibited a period of contraction from 03:00 to 09:45 ET, followed by a mild expansion. Price closed just below the middle band, suggesting a possible short-term consolidation ahead.

Volume & Turnover


Volume spiked notably at 07:15 ET and 09:45 ET, but overall turnover remained below average. A divergence between price action and volume was observed after 09:45 ET, where price dropped despite moderate volume.

Fibonacci Retracements


Fibonacci levels showed a key 61.8% retracement at 1.46e-06, which was briefly tested before price pulled back. The 38.2% retracement at 1.48e-06 acted as a short-term resistance.

The next 24 hours may see a test of the 1.45e-06 support level, with a potential break confirming a short-term bullish setup. Traders should remain cautious of divergences and volume signals as key confirmation factors.