Vulcan Forged (PYR) Records Moderate or Consistent Gains

Today’s trading activity in the Vulcan Forged market has extended yesterday’s action. The token’s price rebounded off technical support at the $3.00 mark. In addition, trading indicators arising from the price chart suggest that the upside retracement may extend.

PYR Statistics:

Vulcan Forged Price: $3.37

Vulcan Forged Market Capitalization: $128.06M

PYR Circulating Supply: 39.14M

PYR Total Supply: 50M

Vulcan Forged CoinMarketCap Rank: 401

Key Price Levels:

Resistance: $3.50, $4.00, $4.50

Support: $3.00, $2.50, $2.00

Vulcan Forged Sees Healthy Upside Progress

As earlier stated, the PYR token’s price rebounded strongly upward in the previous session off a psychological support level at the $3.00 price level. Meanwhile, the corresponding price candle to the ongoing session now tests the 50-day Moving Average (MA) line while appearing green and of notable size.

Simultaneously, the Stochastic Relative Strength Index (RSI) curves rise upward from the oversold region. The indicator’s lead line is also notably ahead of the lagging one, suggesting that volatility is fair and may propel the market higher.

PYR Upside Retracement Proceeds Very Swiftly

In the Vulcan Forged 4-hour market, price action seems to be proceeding upward sharply. Here, price action has been progressing upward for three consecutive sessions straight. However, price action has just made it past the 50-day MA curve. This brings the last price candle to test the technical resistance at the $3.400 mark.

The corresponding price candle to the ongoing session does have an upper shadow. Be that as it may, buyers stay ahead in the session despite the headwind emanating from the crossover between the 100- and 200-day MA curves. The Stochastic RSI lines are in the overbought region and as such suggest that prices may still progress towards the $4.00 mark subsequently.

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