PIEVERSE rallies 11% amid short squeeze and rising trading activity, eyeing $1.20 resistance.

PIEVERSE has climbed 11% recently, recovering from a descending channel and defending the $1 level. The rally is driven by a short squeeze, with short liquidations reaching $19,000 and open interest rising 17% to $44 million, indicating increased trader participation. Despite bullish signals from technical indicators like RSI and MACD, spot market selling and increased exchange inflows suggest caution. If momentum continues, PIEVERSE could test $1.20 and potentially target $1.33, but spot selling might cause a pullback to $1.02.

PIEVERSE has gained 10.06% in the last day on Pluang, trading at Rp21.189 as of Nov 03, 2026 21:23 WIB, closely matching the recent 11% rally mentioned in the article. The coin's market cap stands at Rp6,45 trillion with a 24-hour volume of Rp667,47 million, while 64% of Pluang orders are sell orders, indicating some profit-taking despite the upward momentum. Typical holding time on Pluang is 6 days, suggesting active trading around this price level.