$PYR /USDT: Eyeing a Breakout? ๐
1. Price Update: Currently at $4.53, up 0.85% in 24 hours.
2. All-Time High: PYRโs peak was $50 (Nov 2021)โa key resistance.
3. Trendline Insight:
Long-term bearish trend persists with a descending trendline.
Consolidation between $2.05-$4.50 hints at a potential reversal.
4. Support & Resistance:
Strong support: $2.05.
Resistance targets: $17.24 and $34.81 (historical levels).
5. Projection:
A breakout above the trendline could propel PYR to test $17.24, with room for $34.81 if momentum builds.
๐ Indicators to Watch:
Rising volume near breakout points confirms strength.
MACD & RSI for bullish divergences.
Strategies:
Bullish: Entry above $5-$6, target $17.24+, stop loss below $4.
Bearish: Retest of $2.05 if trendline fails.
#PYR2024 #CryptoBreakout #TrendReversal ๐ #FanTokenHype #AltcoinMoves
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