PIEVERSE trend has already shown obvious bear market characteristics. Looking at the chart, the 5-day moving average at 0.776 acts like a ceiling, firmly suppressing the rebound space, with two dense resistance levels at 0.796 and 0.803 above. This arrangement is a typical bearish pattern—intense selling pressure at high levels cannot be absorbed.

Since the decline from 0.842 until now, the rebound strength has been pitifully weak, with several attempts to resist being pushed back down. What does this indicate? The main holders have long since exited, and there is basically no confidence in the market to absorb new positions. The coin price is now hovering around the medium-term moving average, appearing to be at the bottom, but in reality, it’s a dead cat bounce.

The most dangerous level is the 60-day moving average at 0.711. Once it breaks below this line, there are basically no support points below, and the risk of free fall will become apparent. Currently, the coin price is stuck at 0.7344, just a short distance from that critical line. From a technical perspective, the bearish momentum is still building, with no clear signs of a trend reversal.

For bearish traders, the current position is the window to act—indicators and trends are all pointing to the same message.