The PIVX (PIVX) coin is attracting attention due to its price decline into a noticeable buy zone, which makes it a hidden crypto gem ready to explode, according to a revelation disclosed today by market analyst CryptoShillz06.
Launched in 2016, PIVX is a decentralized and open-source cryptocurrency designed to offer rapid, scalable digital cash with user-privacy features. Powered by zero-knowledge proofs and a proof-of-stake mechanism, PIVX provides users with confidential-focused and efficient digital asset transactions, making it an ideal choice for customers looking for anonymity and privacy in their cryptocurrency transactions.
The analyst has been tracking the altcoin’s chart for the past few weeks, and something unique caught his interest. As per his market observation, PIVX is currently sitting at what is considered an important entry point, suggesting the asset is loading up for the next big surge.
PIVX Price Tests Crucial Floor As Bullish Momentum Strengthens
Based on frequent crypto market observations, the analyst has learned that the biggest gains typically come when quality projects are experiencing quiet price movements. Currently, the analyst is seeing the exact scenario developing on the PIVX coin, displaying some strong characteristics that make the digital asset stand out in today’s crypto market.
PIVX has been experiencing a downtrend, noted by its 11.5% and 48.6% drops over the past week and month, respectively. After the recent falls, the asset’s momentum is stabilizing, and buyers are entering the market at a near intraday support, indicated by today’s 3.3% rise, making its price currently trade at $0.08403, according to data from CoinGecko.
The asset’s move to hold its price around the $0.078 support level signals that short-term selling pressure is easing, and the market could be making preparations for a move higher. According to the analyst’s observation, PIVX is currently trading near its most important price floor, an invisible barrier (support zone) where buying pressure traditionally emerges. Historically, when the asset touches this region, experienced investors normally view it as a golden buy opportunity.
From another perspective, technical analysis shows that PIVX’s RSI currently stands at the 30.08 mark. This suggests that the cryptocurrency might be due for a bullish reversal as an increasing number of savvy traders currently buy the altcoin at discounted prices, a trend that is set to drain token supply and trigger a huge price surge towards the $0.1992 resistance level, representing a potential, upcoming 137% rise.
DENT, ENSO, SXP, HOLO, LA, And KERNEL Also Show Hidden Massive Potential
Just like the PIVX coin, the analyst also listed other crypto assets that are currently trading around their respective similar crucial price floors. As per the analyst’s data, Dent (DENT), Enso (ENSO), Solar (SXP), Holoworld (HOLO), Lagrange (LA), and KernelDAO (KERNEL) are crypto gems that are currently trading in their accumulation zones, driven by rising appetite from serious investors buying at market discounts.
