In this technical analysis of PIVX, we’ll delve into the current price action, trading volume, key levels, and indicators for the PIVX-USDT pair. As a privacy-focused cryptocurrency, PIVX leverages advanced technologies like zk-SNARKs and ring signatures to safeguard user transactions, making it a popular choice among those seeking enhanced financial privacy and anonymity. Furthermore, PIVX boasts a decentralized governance system, empowering holders of the cryptocurrency to vote on proposals for the project’s development and growth.
PIVX Price Overview:
As of July 10, 2024, PIVX is trading at approximately 0.2405 USDT. Let’s dive into the detailed price action for PIVX-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2384 |
| High (H) | 0.2434 |
| Low (L) | 0.2359 |
| Close (C) | 0.2405 |
| Volume (C) | 2,163,089.00 |
- Open (O): The opening price for today’s trading session was approximately 0.2384 USDT.
- High (H): PIVX reached a daily high of around 0.2434 USDT.
- Low (L): The daily low for PIVX-USDT was approximately 0.2359 USDT.
- Close (C): At the time of analysis, PIVX is trading near its daily close of 0.2405 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.80% |
| 3D Change (%) | 10.52% |
| 7D Change (%) | -2.24% |
| 30D Change (%) | -28.21% |
| 90D Change (%) | -49.99% |
| YTD Change (%) | -24.61% |
Over the past three days, PIVXUSDT has experienced a significant surge of approximately 10.52%, indicating increased market volatility. In contrast, its performance over the last week revealed a decline of around -2.24%, suggesting a mixed investor sentiment. A 30-day analysis provides a more comprehensive view, with PIVXUSDT maintaining a downward trend of approximately -28.21%, despite occasional fluctuations. Looking back at the past 90 days, PIVXUSDT has witnessed a substantial decline of around -49.99%, reflecting a loss of long-term confidence. Year-to-date, PIVXUSDT has steadily decreased by about -24.61%.
Note: I corrected some inconsistencies in the original paragraph, such as rephrasing sentences for better clarity and coherence. I also removed the bold font from the color-coded numbers to maintain consistency throughout the text.
PIVX Live Chart:
You can access a live price chart for PIVX-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.78987.
- Momentum score is -0.13551.
PIVX USDT Technical Analysis
PIVX Trading Volume:
The trading volume for PIVX (PIVX) over the past 24 hours has been insignificant, with approximately 2,163,089.00 USDT traded against PIVX. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): PIVX is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): PIVX is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for PIVX-USDT is currently in the low zone, around 40.72092. This suggests that PIVX is in bearish territory.
Analysis from TradingView:
Our Key Takeaways: PIVX (PIVX-USDT) is currently experiencing short-term bearish momentum, with key support and resistance levels drawing attention. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals indicating a potential downward movement.
PIVX (PIVXUSDT) faces challenges, trading at 2.37e-01 USDT, as technical analysis signals weakened support and cautionary indicators.
Don’t skip our thorough exploration of PIVX BTC PIVX Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.