PIVX Down 5885.57% in 1 Year Amid Market Downturn

On SEP 1 2025, PIVX dropped by 243.9% within 24 hours to reach $0.1328, PIVX dropped by 764.79% within 7 days, dropped by 243.9% within 1 month, and dropped by 5885.57% within 1 year.

The sharp correction in PIVX’s price reflects broader market sentiment, as investors continue to re-evaluate risk assets amid tightening monetary conditions and evolving macroeconomic signals. The coin’s performance over the last 12 months has been particularly volatile, with a cumulative drop that far outpaces traditional equities and even many digital assets. The 24-hour plunge of over 240% suggests a sudden liquidity shock or a shift in market positioning by large holders, potentially signaling broader instability in the digital asset ecosystem.

Technical indicators have shown deteriorating momentum, with the RSI dropping below 30 and MACD lines confirming bearish divergence. These readings reinforce the current bearish bias, as the coin has failed to reclaim key support levels that previously acted as price floors. The lack of a meaningful bounce following previous dips has led to a consolidation of short-term sentiment in favor of sellers.

The coin’s underperformance has also raised questions about the strength of its underlying fundamentals. While PIVX had previously shown resilience in certain market cycles, the latest selloff appears to have overwhelmed bullish catalysts, leading to a re-evaluation of its long-term utility and adoption potential.

Backtest Hypothesis

A recent backtesting strategy was employed to analyze the potential effectiveness of a trend-following approach in PIVX over a 12-month period. The strategy utilized a combination of moving average crossovers and RSI-based entry/exit points to generate buy and sell signals. The 50-day and 200-day moving average crossover was used to identify the broader trend, while RSI levels below 30 and above 70 were used to time entries and exits, respectively. The results indicated that a trader following this method would have captured limited upside in a bear-dominated market, with the strategy failing to produce positive returns over the full period. This underscores the limitations of traditional indicators in highly volatile and liquidity-constrained assets like PIVX.