Market Overview for PIVXUSDT on 2025-08-25

• PIVX/USDT declined 8.7% over 24 hours, breaking below key support at $0.1450.
• High volume divergence near $0.1500 signaled weakening momentum, confirmed by RSI divergence.
• Bollinger Band contraction followed by expansion indicates rising volatility and potential directional breakout.
• A bearish engulfing pattern formed near $0.1500, suggesting increased likelihood of further downside.
• Fibonacci retracements show $0.1385–$0.1410 as next probable support cluster.

Market Overview

PIVX opened at $0.1469 at 12:00 ET on 2025-08-24 and closed at $0.1349 on 2025-08-25, reaching a high of $0.1524 and a low of $0.1343. Total volume amounted to 1,418,570 units, with a notional turnover of $198,746.

The candlestick structure over the past 24 hours shows a distinct bearish bias, with price action forming a bearish engulfing pattern around $0.1500 and a deep retest of $0.1343, which may serve as a short-term floor. Volume increased dramatically during the sell-off, especially between 05:00 and 06:00 ET, suggesting capitulation by short-term holders. This was confirmed by a divergence between price and RSI, which peaked around $0.1520 and failed to hold on subsequent rallies, pointing to waning bullish momentum.

The 20- and 50-period moving averages on the 15-minute chart crossed to the downside, reinforcing the bearish tilt. Meanwhile, the 50-period daily MA sits near $0.1505, suggesting a retest of that level could trigger a counter-move. MACD turned negative and showed bearish divergence, while RSI has fallen into oversold territory around $0.1349, offering potential for a near-term bounce.

Bollinger Bands contracted between 03:00 and 04:00 ET before expanding again, indicating a potential shift in volatility. Price currently resides in the lower half of the band, which is typical during consolidation after a large sell-off. Fibonacci retracement levels from the $0.1343 to $0.1524 swing suggest $0.1385 and $0.1410 as key support levels ahead.

Looking Ahead

In the next 24 hours, PIVX could test $0.1343 for a potential bounce or consolidation, but bearish momentum remains strong. A close above $0.1410 would suggest a short-covering rally, while a break below $0.1340 could extend the downtrend. Investors should remain cautious of increased volatility and the possibility of further downside amid heavy selling pressure and bearish technical signals.