Can PIEVERSE escape its September downtrend after defending $1?

$PIEVERSE had traded within a descending channel since its rejection at $2 in September. Its latest recovery suggested a possible bottom.

Over five days, the altcoin climbed after defending $1. Successive higher closes took it to $1.19. At press time, $PIEVERSE traded near $1.18, up 11% daily, while Trading Volume rose 28%.

Daily Turnover reached $3.9 million, its highest since September, reflecting increased activity as the price recovered.

Why is $PIEVERSE rallying now?

With no clear coin-specific catalyst, market chatter pointed to a possible short squeeze.

Short Liquidations reached $19,000 over 24 hours, compared with $4,000 in Long Liquidations. Shorts accounted for over 78% of the total. The imbalance suggested rising prices had forced some bearish positions to close, potentially adding fuel to the rally.

Are $PIEVERSE traders backing further gains?

Beyond those forced exits, derivatives activity picked up as traders added exposure. CoinGlass data showed Open Interest climbed 17% to $44 million, while Derivatives Volume rose 183% to $33 million.

Together, these increases pointed to greater participation. The directional picture was less settled.

Binance’s Long/Short Ratio rose above 1, while its Top Traders’ Long/Short Ratio reached 1.7, indicating a bullish lean. However, the overall Long/Short Ratio stayed near 0.970, with OKX around 0.08. Bullish positioning was uneven across exchanges.

Could spot selling stall $PIEVERSE’s rally?

That hesitation also appeared in the spot market, where selling accompanied the recovery.

After $PIEVERSE’s gains, Spot Delta fell to −20,000, indicating sell-side aggression exceeded buy-side aggression during the measured period.

Exchange flows added to the caution. Over 24 hours, Inflows rose to $968,000 while Outflows fell to $902,000.

Spot Netflow consequently increased 246% to $66,000. More funds entered exchanges than left, potentially increasing available selling supply.

Can $PIEVERSE reclaim THIS next?

Even with spot selling, price momentum improved. The Relative Strength Index (RSI) formed a bullish crossover and climbed to 57.

The Moving Average Convergence Divergence (MACD) also formed a bullish crossover, rising to −0.045.

Both indicators supported the recovery, although the MACD remained below zero. A lasting reversal still needed confirmation.

If momentum held, $PIEVERSE could reclaim $1.20 and target $1.33. Continued spot selling could instead trigger a retracement toward $1.02.

Final Summary

• $PIEVERSE gained 11% as Short Liquidations and rising Open Interest accompanied its recovery.
• $PIEVERSE’s $1.20 test approached with improving momentum, while spot selling threatened a pullback toward $1.02.