On January 20th, news broke that the privacy token PIVX has recently performed remarkably well in the crypto market, with its price soaring significantly in a short period, attracting high attention from traders. Market data shows that PIVX started its rally from around $0.14, reaching a high of approximately $0.22, with a staged increase of nearly 55%. This upward movement was not driven by news catalysts but is a typical technical breakout pattern.
From a technical structure perspective, PIVX experienced several days of sideways consolidation before the rally, with the price trading within a narrow range for an extended period, indicating that the market was in a phase of chip accumulation. As the price effectively broke through the key resistance level near $0.143, buying volume surged, and momentum continued to be released over multiple trading sessions, pushing the price higher rapidly. This “consolidation—breakout—acceleration” pattern aligns with classic technical analysis logic.
Crypto trader HarrySnipes had previously shared this trading idea on the X platform and entered the market near $0.14. He pointed out that after the breakout confirmation, the market structure had clearly strengthened. As the market moved as expected, his views gained attention and discussion among market participants.
It is worth noting that this PIVX rally was not accompanied by any major positive announcements, such as protocol upgrades or new partnership disclosures. Instead, it more reflects the market’s response to the price signals themselves. Such upward movements driven primarily by technical factors are generally considered healthier and more likely to form sustained trends rather than short-term emotional spikes.
Meanwhile, interest in the privacy coin sector is rebounding. HarrySnipes believes that as some users’ demand for privacy protection increases, tokens with anonymous transaction features may re-enter the funding spotlight. As a representative in this field, PIVX’s recent performance is seen as an early signal of potential rotation.
Against the backdrop of a recovering overall crypto market risk appetite, activity in small-cap tokens has increased, and improved liquidity has created conditions for breakout trends. Currently, some short-term funds have begun to take profits, and the price may face a retracement test. However, if PIVX can maintain its previous breakout level, the upward trend still has room to continue. The market will focus on observing changes in trading volume and the performance of key support levels.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CryptoQuant Analyst: Bitcoin Must Hold Above $83K to Confirm Market Recovery
Gate News message, April 26 — According to CryptoQuant analyst Axel Adler, short-term holder (STH) selling pressure has notably eased following spring market stress relief, and Bitcoin's market recovery remains underway. Current BTC price has approached the short-term holder cost basis.
Adler
GateNews1h ago
XRP Market Shows Leverage Reset Amid Divergence Between Derivatives Pressure and Spot Strength
Gate News message, April 26 — XRP's market structure is displaying signs of significant repositioning, with data showing a complex divergence between derivatives and spot activity. According to market analysis, leveraged longs on major CEX perpetuals are being unwound even as spot price remains
GateNews2h ago
Bitcoin Perpetual Contracts: Large Holders Earn Fees While Retail Traders Pay, Says Chief Economist
Gate News message, April 26 — Fu Peng, newly appointed chief economist at Xinhuojituan, explained the underlying business model of Bitcoin perpetual contracts on social media, comparing it to traditional finance's "deferred fees" or "overnight fees" used in precious metals and commodity spot
GateNews2h ago
TRUMP Token Drops 20% to $2.50 Ahead of Mar-a-Lago Crypto Conference
Gate News message, April 26 — The TRUMP meme token fell 20% to around $2.50 ahead of Donald Trump's exclusive Mar-a-Lago crypto conference, wiping out approximately $161 million in market value.
The token has now declined 96.5% from its all-time high of $75.35 reached in January 2025, erasing appro
GateNews4h ago
Stablecoins aren’t just for cross-border payments—they’re for going local too! a16z’s latest report: Asia supports two-thirds of transaction volume
Crypto VC giant a16z’s latest report, “9 charts on what stablecoins are becoming,” uses nine key charts to depict the structural changes underway in stablecoins. The report’s central takeaway is not new tokens or new narratives, but stablecoins’ role shifting from “trading tools” and “savings vehicles” to “core financial infrastructure,” along with an increasingly strong degree of localization—creating a clear gap between what the market originally expected and the reality of cross-border payments.
**GENIUS Act in the U.S. boosts stablecoin trading volume to $4.5 trillion in Q4**
For years, regulatory uncertainty has been the ceiling for institutional participation in stablecoins. The turning point came from the U.S. GENIUS Act establishing the first federal-level stablecoin issuance framework. a16z data shows that, prior to the bill’s passage, the adjusted stablecoin trading volume had already been rising for several consecutive quarters.
ChainNewsAbmedia5h ago
Humanity Protocol Rallies 80% From April Lows, But Is the Momentum Fading?
Humanity Protocol surged 80% from April lows, breaking into top 100 crypto assets.
Whale activity and network growth rose, but trading volume dropped sharply by 46%.
Bullish structure remains intact, with key resistance and support levels defining the next move.
Humanity Protocol — H, ha
CryptoNewsLand6h ago
