๐ Current Price: $4.02 (+17.71%)
PYR/USDT is showing strong bullish momentum, currently trading above key resistance levels. The price has surged significantly, driven by increased trading volume and positive market sentiment. Hereโs a detailed breakdown of the technical outlook and our three price targets:
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๐ Key Levels to Watch
1. Resistance: $4.63 (24h High)
2. Support: $3.18 (24h Low)
3. SAR (Stop-and-Reverse): $4.21
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๐ฏ Targets for PYR/USDT
1. Target 1: $4.50
Short-term bullish momentum: If volume continues to rise, PYR is likely to test $4.50. This level aligns with the next Fibonacci resistance point, offering a modest gain for day traders.
2. Target 2: $5.00
Breakout zone: If the price breaks and holds above $4.63 (24h High), the $5.00 psychological level becomes a clear target. RSI nearing overbought territory suggests further strength before consolidation.
3. Target 3: $5.50
Long-term projection: Sustained bullish sentiment and strong market participation could push PYR towards $5.50, marking a significant gain from current levels. MACD crossover and higher lows on the chart indicate this is achievable with continued market support.
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๐ Indicators & Patterns
RSI: Currently 65, showing room for upward movement before overbought levels.
MACD: Bullish crossover, confirming upward momentum.
Bollinger Bands: Price testing upper band, indicating strong breakout potential.
Volume: Increasing, signaling growing interest and strength behind the move.
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๐ก Pro Tip: Stay cautious during volatile periods. Use stop-loss levels at $3.80 to protect your investment while targeting these levels. For detailed trading strategies, always refer to your risk management plan.
Are you ready to ride the wave with PYR? Let us know your targets in the comments below! ๐
#Binance #CryptoTrading #PYR๐จ #TechnicalAnalysis #Debate2024
