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PIEVERSE's recent decline has indeed been fierce—dropping directly from 0.6908 to 0.4340, a decline of over 37%. The small rebound seen now is essentially a "overly sold off and needs technical correction" type of move.
From a capital perspective, what's interesting here is that large investors' long positions have quietly started increasing around 0.47, and signs of active buying are becoming more apparent. This clearly indicates expectations of a rebound. This pattern of "quick decline followed by volume contraction and stabilization" has always been a favorite tactic of market makers for swing trading—accumulating at low levels and distributing at high levels.
The small bullish candles around 0.51 with increasing volume suggest that funds are building positions. The low point at 0.4340 is basically the main force's cost line; they won't let the price fall below easily, or they would suffer losses themselves.
If you want to participate in this rebound, considering an entry around 0.50-0.51 is reasonable, with a stop-loss set below 0.47 for safety. Oversold coins tend to rebound strongly rather than gently. Once the price successfully breaks through the small resistance at 0.55, there's a full possibility of rushing towards 0.6 or even higher. However, remember that such rebound markets are most prone to "trap and then sell-off" scenarios—once stop-losses are triggered, exiting decisively is the best move.