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Summary
• PIVXBTC formed a bullish reversal pattern after testing a key support level near 1.48e-06.
• Momentum accelerated during the 8:00–9:00 ET window, with MACD and RSI showing positive divergence.
• Volatility surged late morning, as a 33% price swing occurred in under 2 hours.
• Volume spiked at 8:00–8:45 ET, confirming the breakout above 1.62e-06.
• PIVXBTC remains in a 61.8% Fibonacci retracement zone of the 1.48e-06 to 1.89e-06 swing.
PIVXBTC opened at 1.59e-06 on January 14 at 12:00 ET, reaching a high of 1.89e-06 and a low of 1.46e-06 before closing at 1.59e-06 at 12:00 ET on January 15. Total volume was 609,741.0, with turnover of 0.93329185 BTC.
Structure and Formations
Price action showed a key support cluster around 1.48e-06, which PIVXBTC bounced off multiple times during the session. A bullish engulfing pattern formed during the 6:45–7:00 ET period as price reversed higher from 1.52e-06 to 1.54e-06. Later in the session, a large bullish candle at 8:00–8:15 ET broke above the 1.62e-06 level, confirming a potential breakout.
Moving Averages
On the 5-minute chart, the 20-period and 50-period SMAs were crossed multiple times during the session, reflecting choppy momentum earlier in the day before a clear upward bias emerged. The 50-period SMA is now positioned below the price action, suggesting potential for continued strength in the near term.
Momentum Indicators (MACD & RSI)

The MACD turned positive around 8:00 ET and remained above the signal line for much of the session, reinforcing bullish momentum. RSI reached 65 at the peak of the move to 1.89e-06 but pulled back to mid-50s, indicating moderate strength but not overbought conditions. Positive divergence between price and RSI occurred during the 7:00–8:00 ET rally, suggesting potential for further upside.
Bollinger Bands
Volatility was elevated throughout the session, particularly from 8:00–9:00 ET when the asset surged from 1.62e-06 to 1.89e-06. Price briefly exceeded the upper Bollinger Band during this period, indicating a strong move. The bands widened significantly during the 8:00 ET hour, reflecting increased uncertainty and trading activity.
Volume and Turnover
Volume spiked to 284,645.0 during the 8:00–8:15 ET period, with turnover reaching 0.489 BTC, indicating strong buying pressure. The high volume coincided with the breakout above 1.62e-06, offering confirmation of the move. However, volume dropped off afterward, suggesting a possible consolidation phase.
Fibonacci Retracements
PIVXBTC remains in the 61.8% retracement level of the recent swing from 1.48e-06 to 1.89e-06. A break above 1.89e-06 could signal a retest of 2.05e-06 (78.6%), while a retest of 1.48e-06 may offer another near-term support.
Over the next 24 hours, PIVXBTC appears poised to consolidate or extend the recent breakout, depending on volume and participation. A key watch will be for a close above 1.89e-06 to confirm bullish momentum, though traders should remain cautious of a potential pullback into the 61.8% retracement zone.
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