Vulcan Forged (PYR) Poised for More Gains

After registering a price increase of 3.70%, the Vulcan Forged token stands as one of the best-performing cryptocurrencies as of the time of writing. The price action of the coin appears well-positioned for additional gains in the coming sessions. A closer look at the market details lies below.

PYR Market Statistics

Current Price: $0.795

Market Capitalization: $35.47M

Circulating Supply: 44.36M

Total Supply: 50M

CoinMarketCap Rank: 662

Key Price Levels

Resistance: $2.000, $2.250, $2.500

Support: $1.750, $1.500, $1.250

Vulcan Forged Bulls Snap Back at Downward Forces

Although the Vulcan Forged market currently lies below the 9-day Exponential Moving Average (EMA) line, it can be observed that price action is on the right track toward regaining more bullish momentum. Price activity has declined moderately over the past two sessions, yet the ongoing session appears bullish, showing a notable recovery from the recent pullback.

At the same time, the applied Stochastic Relative Strength Index (SRSI) indicator lines are converging while maintaining a slight upward bias just above the 50 level, suggesting that buying pressure is gradually building up.

PYR Outlook Appears Fair

On the 4-hour timeframe, price action has moved above the 9-day EMA curve. The latest price candle remains green but has shown significant contraction from both sides of the market. As a result, the candle features visible upper and lower shadows, indicating ongoing indecision between buyers and sellers.

Meanwhile, the SRSI indicator lines continue to show an upward trajectory following the last crossover below the 40 level. Therefore, this market retains the potential to extend its upside movement toward the $0.900 price level.

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