2026-01-09 11:24:24

Recently, PIEVERSE's performance has been quite poor. Last week, it was at $0.8420, showing signs of taking off, rising 39.61% in just 7 days, and the bulls were once excited. But what happened? After reaching a high, it couldn't hold on, and sell-offs kept coming in, pushing the price down all the way to $0.6967. Even a small rebound to $0.7091 couldn't turn the tide, and today it dropped 9.21% in a single day.

In terms of trading activity, the 24-hour trading volume exceeded 61.7 million USDT, with a turnover of 80.79 million. During the breakdown, trading volume kept increasing—this indicates one thing: funds simply don't want to buy in; once it breaks, they run. All the support levels previously established have now fallen.

**Regarding how to operate this wave of market:**

In my opinion, now is not the time to buy in. If you really want to try a short-term rebound, wait until the price rebounds to the $0.7300-$0.7500 range, and only do so with small positions to test the waters. You must also confirm that the price can hold above the recent key resistance level before you can confidently build a position.

If you're looking to short, the first target is $0.7000, and the second is $0.6800. If the downward momentum doesn't stop, $0.6600 is also likely to be tested. I personally suggest setting the stop-loss at $0.7500; once the price breaks above that, the downward trend should slow down significantly.

Honestly, there are no signs of a bottom yet for PIEVERSE. The bulls have no desire to buy in, and the selling pressure from the bears is still continuously releasing. As long as it doesn't break above the $0.7500 line, the bearish mindset should remain. If you're looking to buy the dip, don't rush now—this is what you call "catching a falling knife in a downtrend," which can easily trap you deeply. For shorts, don't be too aggressive; wait for a rebound to that resistance level before entering, so you can more safely profit from this decline.

PIEVERSE-9.26%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
3
Repost
Share

Comment

0/400

staking_gramps

· 4h ago

This wave is really a flying knife rhythm, it hurts just looking at it. Breakdown, breakdown, all broken through. Where are the bulls? They've run away. $0.7500 needs to stabilize before thinking about a rebound. The bears are still bleeding. Another rollercoaster with sharp rises and falls, a 39% increase followed by a brutal beating. I firmly refuse to buy the dip; I'd rather earn less than get trapped. Shorting until a rebound appears—that's the proper trading logic. Funds have all fled, what does that mean? Nobody believes in this anymore. I think $0.6800 can still be seen; keep pushing down. The bulls have completely lost their temper; without a turnaround, it's hard to see a reversal. Trading volume is increasing, funds are fleeing, a classic death cross.

View OriginalReply0

TokenTaxonomist

· 01-09 11:52

ngl the volume metrics here are actually... taxonomically incorrect for a genuine reversal. let me pull up my spreadsheet real quick—$0.7500 resistance is basically the phylogenetic branching point, statistically speaking. if it fails there, we're looking at an evolutionary dead-end scenario for the bulls.

Reply0

LiquidationKing

· 01-09 11:48

Oh man, this wave of PIE really died off completely, all the bulls have run away Brothers trying to bottom out, stay calm, this is just a trap Wait, let's see if it rebounds at $0.73, don't rush to send money The bears can still continue this wave, see you at $0.66 Going long? Who dares to take this position now Breaking down so harshly, support levels all fallen, still want to bottom out Funds don't want to play this at all, increasing volume just pushes it down Honestly, there’s no good entry point for PIE right now, wait and see The volume and price dropping together, the bearish strategy makes sense The bulls have completely lost their spirit, this looks bearish If it doesn’t break $0.7500, keep shorting and it’s over A 39% rise followed by such a fall, really ironic Those trying to bottom out are cannon fodder, I advise everyone to stay steady

View OriginalReply0