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$PYR /USDT Technical Snapshot: Big Bounce in Play! đ
âBased on the chart (4H timeframe) and recent market developments,
$PYR (Vulcan Forged) is showing a strong recovery after a significant drop. Here's the breakdown for the Binance Square community:
âMassive 24h Green Candle: The chart shows a substantial, quick pump, with the price jumping +21.23% in the last 24 hours to $0.731. This suggests a strong influx of buying volume, potentially a bounce from the recent low of $0.580 (24h Low).
âRSI Overbought: The RSI (6) is at 87.711, which is deep into the overbought territory (above 70). This indicates that the asset has experienced a very rapid price increase and may be due for a short-term pullback or consolidation before continuing upward. Tread carefully here.
âMACD Crossover: The MACD (0.017) has turned positive, with the DIF (-0.003) and DEA (-0.020) line showing a bullish crossover. This confirms the new, strong upward momentum, despite the prior bearish trend.
@波ĺĽççşż @sisterĺŻĺ§äşşç âKey Levels to Watch:
âResistance: The immediate target is the 24h High of $0.884. Breaking this level would be a major continuation signal.
âSupport: The area around the prior low ($0.580) and the price before the spike is critical support.
âFundamental Driver Check (FYI):
The recent price action aligns with news of the Vulcan-X Launch with PYR Fee Sharing (100% of exchange fees distributed to stakers, announced/launched around Nov 18), which aims to boost staking demand and reduce circulating supply. This is a significant bullish catalyst.
âThe Verdict:
$PYR is undergoing a powerful reversal, driven by both technical signals and strong fundamental news. While the RSI suggests a short-term cool-off is possible, the overall momentum is now Bullish.
âWhat are your next moves? Buy the dip on a potential pullback, or FOMO-in now? Let me know! đ
â#PYR
#VulcanForged #Crypto #BinanceSquare #Gaming #Web3 #Altcoin #PYRUSDT
#TechnicalAnalysis #Bullish