PYR Coin
General trend: The daily chart shows a horizontal range-bound pattern, indicating a period of relative stability after significant volatility. Current resistance is around $4.00, while support is near $3.50.
Technical indicators:
• Moving averages: Showing neutral signals with a divergence between short-term and long-term averages.
• Relative Strength Index (RSI): Approximately 45, indicating a near-neutral condition and no overbought or oversold 【27】【28】.
Trading volume: The trading volume over the last 24 hours is $11.85 million, indicating an average level of activity compared to the past weeks 【29】.
Long-term overview: The coin is still in a range well below its all-time high ($45 in 2021). However, it has improved significantly compared to its yearly lows (around $2.07 in August 2024).
My personal opinion / Not investment advice
• If you are a short-term investor, breaking the resistance at $4.00 could signal the beginning of an uptrend.
• For long-term investors, it is important to monitor future news related to the expansion of the Vulcan Forged project, as it has a direct connection to the metaverse market and blockchain gaming, a rapidly growing sector