🚨 $PIEVERSE : JUST A FEW MORE RED CANDLES AWAY FROM A MAJOR DUMP?
After an impressive rally from around $1.40 to above $2.10, Pieverse is starting to show signs of weakness. The 4H chart is becoming concerning, especially after several consecutive green candles pushed the price sharply higher. Now, the momentum is slowing down, and sellers are beginning to appear around the $2.10-$2.15 resistance zone.
The biggest concern is the current consolidation. Instead of continuing higher, price is struggling to reclaim its recent highs. Multiple upper wicks suggest that buyers are losing control, while the recent red candles indicate increasing selling pressure. If another few strong red candles appear, this recovery could quickly turn into a much deeper correction. The $2.00 level is the first important area to watch. Losing it could expose $1.95, followed by $1.90. A stronger breakdown could even send price back toward $1.75-$1.80, where the previous breakout gained momentum. On the other hand, reclaiming $2.10 and pushing above $2.15 would weaken the bearish outlook and give buyers another opportunity to challenge $2.27.
The weekly performance is still impressive, but a nearly 95% rally in seven days also creates serious room for profit taking. At this stage, chasing the previous green candles is becoming increasingly risky. Is it preparing for another breakout, or are we about to see the first major dump after this massive rally?
#pieverseusdt #PIEVERSEAnalysis
After an impressive rally from around $1.40 to above $2.10, Pieverse is starting to show signs of weakness. The 4H chart is becoming concerning, especially after several consecutive green candles pushed the price sharply higher. Now, the momentum is slowing down, and sellers are beginning to appear around the $2.10-$2.15 resistance zone.
The biggest concern is the current consolidation. Instead of continuing higher, price is struggling to reclaim its recent highs. Multiple upper wicks suggest that buyers are losing control, while the recent red candles indicate increasing selling pressure. If another few strong red candles appear, this recovery could quickly turn into a much deeper correction. The $2.00 level is the first important area to watch. Losing it could expose $1.95, followed by $1.90. A stronger breakdown could even send price back toward $1.75-$1.80, where the previous breakout gained momentum. On the other hand, reclaiming $2.10 and pushing above $2.15 would weaken the bearish outlook and give buyers another opportunity to challenge $2.27.
The weekly performance is still impressive, but a nearly 95% rally in seven days also creates serious room for profit taking. At this stage, chasing the previous green candles is becoming increasingly risky. Is it preparing for another breakout, or are we about to see the first major dump after this massive rally?
#pieverseusdt #PIEVERSEAnalysis
