PIEVERSE's recent trend is quite interesting. The market makers' repeated bottoming actions at low levels are nearing the end, but there's still some way to go before a rally.

Looking at the main force's control trajectory, the price is being tightly squeezed within the narrow range of 0.4404 to 0.5344, repeatedly tested. At the same time, you'll notice that contract holdings are steadily increasing, and buy-in volumes have been repeatedly released at low levels. This clearly indicates a quiet accumulation of retail investors' stop-loss chips.

From a technical perspective, how does it look? The daily MACD is still shrinking below the zero line, showing no signs of reversing the long-term bearish pattern. The 4-hour chart is even more painful; after falling from the high of 0.9406, it has never broken through the key resistance at 0.6, a typical weak consolidation. Although the 15-minute MACD shows a golden cross, the rebound stalls at 0.4845, with volume shrinking directly, indicating a clear lack of upward momentum.

Fundamentally, the capital flow is relatively stable. According to the large holder's position statistics, the long-short ratio is around 1.1, with both sides currently deadlocked, neither able to overpower the other.

The current key level is stuck at 0.4845, which is the midpoint of the range. If it doesn't break through the 24-hour high of 0.5136, it is likely to retest the support at 0.4404. For now, just observe; there's no need to rush into a position.