An interesting battle is unfolding in $PIEVERSE, and I’m watching to see what happens after this sharp rise.
PIEVERSE is currently trading at $1.8455, up
8.89, but what matters more to me isn’t the percentage gain—it’s how the price behaves after its strong move from the $1.6277 area.
The first thing I noticed is that the short-term structure has improved significantly.
The price is trading above the 1.8067) EMA7 dollars), 1.7840) EMA14
dollars), and 1.7516) EMA28 dollars). This tells me that buyers have managed to take control of the short-term trend.
There’s another encouraging detail. The MACD remains positive, with DIF at 0.0345 above DEA at 0.0296. RSI readings are also relatively strong, with RSI6 at
66.74. Momentum is currently in the buyers’ favor, although I don’t want to confuse strength with unlimited upside.
But there’s one challenge I can’t ignore.
The $1.9050 area is the immediate resistance I’m watching. The price has approached this area but hasn’t established a confirmed breakout above it. Meanwhile, trading volume at 28.31 thousand is below the MA5 averages, indicating that the recent advance still needs stronger participation.
Here’s how I’m approaching the next move:
If buyers push the price above $1.9050 with an increase in volume, I’ll have a stronger reason to expect another upward move.
#PIEVERSEUSDT #ByXIMPACT