June 22, 2021

Vulcan Forged (PYR) Price Analysis: PYR Eyes Higher As Price Bounces Off Major Support

2 min read
Vulcan Forged(PYR )has printed a strong return for just being traded for about a month. Price has actually been consolidating, waiting for the next bullish push. PYR becomes part of the Dapp and NFT market and is a great option for the hot subject. Alt season is in complete stride and PYR programs much more potential ahead.

PYR Price Analysis: PYRWETH 4 Hr Chart

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PYR Token Analysis
PYR Token chart by TradingView There is an evident ascending price channel discovered that PYR has been respecting for 3 weeks. This rate has just reached the bottom pattern of this channel. While consolidating to the bottom, PYR handled to form a falling wedge. This is a bullish pattern and the breakout looks to be very soon. PYR must hold 0.00148 to continue a bullish uptrend.

The rate is held up by the 200MA. If price can no longer hold this mark, PYR may be in danger of a -15% fall. At the time of composing price looks all set for a breakout to significant resistance of 0.00175.

If this mark can hold, PYR is in position to strike last significant resistance of 0.002 prior to ATH.

While taking a look at the RSI, we can see the strength handled to break over a trend line it has actually been stuck under for over a week. To validate a bullish upswing, the RSI must break over the 50 mark. The Stochastic RSI informs a similar story as its on its method to overbought area, which is where big bullish relocations happen.

PYR intraday levels

  • Area rate: 0.0015276
  • Pattern: Bearish
  • Volatility: High
  • Assistance: 0.001484
  • Resistance: 0.001759

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