🚨 $PIEVERSE Update:
Price is showing a clear rejection after a strong impulsive move to the upside, followed by a sharp breakdown below local structure.
Earlier, $PIEVERSE pumped over 130% from $0.6 to $1.7.
Momentum has shifted bearish, with sellers stepping in aggressively after the spike, suggesting a continuation move to the downside rather than immediate recovery.
From a market structure perspective, this appears to be a classic blow-off top followed by distribution and breakdown. The sharp rejection from the highs suggests that buyers have exhausted their buying power. The current price action shows weak bounces and continued selling pressure. Momentum has clearly shifted from expansion to downside continuation, with lower highs forming on smaller timeframes. Sellers are currently in control, defending previous support that has turned into resistance. This strengthens the probability of further downside towards liquidity zones below. As long as the price remains below the 1.20–1.28 resistance region, the bearish bias will persist.
