$PIVX is exhibiting a type of movement that makes the market easy to misread.
The current 24-hour volatility is under clearer selling pressure, while the overall structure still gives a sense of lacking confirmation from volume, so any rebound is likely to be weak. The market often takes away the calmness of the majority during strong red phases like this. This phase is still worth watching. The market hasn't finished its story here. The market tends to reward those who read early in a phase.