PIVX, a privacy-focused cryptocurrency, experienced a rapid and significant price surge of approximately 55% over a short period. The token's price climbed from around $0.14 to $0.22, a move characterized by strong momentum and decisive buying pressure.
The rally was triggered by a confirmed technical breakout. Prior to the surge, PIVX had been trading sideways within a tight range for several days, showing signs of accumulation. Once the price broke through the key resistance level near $0.143, buyers entered the market aggressively, leading to a fast-paced rally that followed classic technical analysis patterns.
Crypto trader HarrySnipes publicly shared the successful trade on X (formerly Twitter), noting he entered at the $0.14 level after identifying the setup. He highlighted that the move delivered solid profits for those who followed the call and suggested a broader trend, stating "privacy coins were about to run."
Notably, the price action was not driven by any major news, partnerships, or protocol upgrades. Analysts suggest the rally stemmed from organic demand and technical strength, making it potentially more sustainable than news-driven spikes. The move also benefited from a supportive market environment where traders are showing renewed interest in risk assets and smaller-cap altcoins.
Following the sharp increase, market participants anticipate potential profit-taking which could lead to short-term pullbacks. The sustainability of the trend will depend on whether PIVX can hold above its previous resistance level, now acting as support, and on continued trading volume.
