Market Overview for PIVX/Bitcoin (PIVXBTC)

Summary
• PIVXBTC declined from 3.9e-06 to 3.18e-06, with volatility peaking during the 15-minute session.
• Volume surged to 182,081 units at 20:45 ET, but failed to confirm a strong directional move.
• Price action suggested bearish momentum, especially after the 21:00 ET drop to 3.1e-06.

PIVX/Bitcoin (PIVXBTC) opened at 3.75e-06 (12:00 ET − 1), reached a high of 4.07e-06, and fell to a low of 3.1e-06 before closing at 3.23e-06 (12:00 ET). Total volume reached 1,414,130, with notional turnover averaging 4.84e-03 BTC.

Price action over the 24-hour period shows a significant bearish bias, especially during the evening hours (ET). After a brief rally in the early morning, PIVXBTC retested and failed to break above 4.07e-06, confirming the bearish tone. A notable bearish engulfing pattern emerged between 17:30 and 18:00 ET, indicating sellers dominating the session.

The 20-period and 50-period moving averages on the 15-minute chart showed a sharp convergence in the lower half of the session, reinforcing the downward trend. While the 50-period MA provided some false resistance during the late-night rally, the broader trend remained intact.

MACD was in negative territory for most of the session, with a bearish crossover occurring around 19:00 ET. RSI fell below 30 during the early hours of 2025-11-05, signaling oversold conditions. However, a lack of strong follow-through buying after 03:00 ET suggested the downside was not yet exhausted. Bollinger Bands showed a moderate expansion as price tested the lower band repeatedly, indicating increased volatility.

Fibonacci retracement levels drawn from the high of 4.07e-06 to the low of 3.1e-06 showed key support levels around 3.47e-06 (38.2%) and 3.32e-06 (61.8%). The price held above the 38.2% level briefly in the early morning, but failed to stabilize above it.

A bearish consolidation is likely for the next 24 hours, with a watch on the 3.1e-06 level as a potential catalyst for further selling. Investors should be cautious of potential breakouts or false rallies in the near term.

Backtest Hypothesis
To evaluate the effectiveness of a potential RSI-based strategy for PIVXBTC, we require confirmation on the correct ticker symbol (e.g., PIVXBTC.BINANCE) and the RSI settings to be used (14-period, 30 oversold threshold). Once confirmed, a backtest can be run from 2022-01-01 to 2025-11-05 to assess signal performance and overall strategy viability.