Technical Analysis for $PYR
/USDT
Current Price: $3.36 (+5.23% 24h Change)
24h High: $3.391
24h Low: $3.173
Technical Indicators:
RSI (Relative Strength Index): RSI is likely near the neutral zone (~50-60), indicating moderate bullish momentum without being overbought.
MACD: If the MACD line crosses above the signal line, this could indicate further upward momentum.
Moving Averages: The short-term (50-period) moving average is likely above the longer-term (200-period) moving average, supporting bullish sentiment.
Support: $3.17 (24h Low)
Resistance: $3.39 (24h High)
Trade Signal:
Bullish Signal: The price has recently broken above $3.36, suggesting bullish momentum. Given the positive 24h change, a continuation to higher levels is possible.
Target Levels:
1. Target 1: $3.40 – Potential immediate resistance.
2. Target 2: $3.50 – Next key resistance level.
3. Target 3: $3.60 – Strong bullish target if momentum continues.
Momentum:
Trade Momentum: The price action is showing a positive trend with a 5.23% gain in the last 24 hours, suggesting continuation of bullish sentiment in the short term. If the price holds above $3.36, the momentum is likely to stay bullish. However, failure to break above $3.39 could result in a consolidation or pullback.