Vulcan Forged (PYR) Is Recovering

The Vulcan Forged token has arrived as the second-best performing coin on today’s list of trending cryptocurrencies. The token has posted an 8.81% price increase in 24 hours. Also, its price action has continued to edge toward a psychological resistance and has the technical stance to hit that mark.

PYR Statistics

Current Price: $0.741

Market Capitalization: $31.31M

Circulating Supply: 44.25M

Total Supply: 50M

CoinMarketCap Rank: 619

Key Levels

Resistance: $0.900, $1.100, $1.300

Support: $0.700, $0.500, $0.300

Vulcan Forged Price Moves Energetically

For the past two sessions, PYR price action has been edging toward higher ground. The last price candle on the chart is a green one but has surely seen a downward contraction of its initial size.

Nevertheless, it keeps price action above the 9-day Exponential Moving Average. The Stochastic Relative Strength Index (SRSI) indicator lines on the chart are moving in the upward direction but are somewhat sluggish considering the magnitude of price movement over the past two sessions. This seems good, as it suggests that the trend may be notably strong.

PYR Holds Its Upside Gaze Resiliently

Coming to the Vulcan Forged market on a 4-hour price chart reveals that price action is consistent with its upside trajectory. The last price candle here stays green despite its tiny body size.

Also, it stands above the 9-day EMA curve. Here, however, the lines of the SRSI are above the 80 mark. The latter part of the indicator lines is still projected upwards, though somewhat jerky. Nevertheless, there might still be some upside chances in this market toward the $0.950 mark.

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