Vulcan Forged (PYR) Stays on a General Upward Course

After posting gains of 3.96%, the Vulcan Forged token has secured the second spot on today’s list of best-performing crypto coins. The ongoing session remains on a bullish path, suggesting that short-term gains may continue to register.

Vulcan Forged Market Statistics

Current Price: $1.056

Market Capitalization: $46.25M

Circulating Supply: 44.18M

Total Supply: 50M

CoinMarketCap Rank: 591

Key Price Levels

Resistance: $1.100, $1.350, $1.550

Support: $1.000, $0.750, $0.500

PYR Advances Past a Key Level

As highlighted above, the Vulcan Forged token has managed to break through the middle band of the Bollinger Bands (BB) indicator. A closer look at the corresponding price candle in the ongoing session shows that bulls are maintaining moderate strength. The BB indicator can be seen converging steadily and gradually.

With price action now rising above the middle band of the BB, it appears that bullish momentum may strengthen further. Meanwhile, the Stochastic Relative Strength Index (SRSI) indicator lines are climbing steadily out of the oversold region. Notably, the distance between the leading and lagging lines of the indicator suggests that this rise may not attract bearish pressure too quickly.

Vulcan Forged Bulls Maintain Their Cool but Keep Advancing

More specifically, on the 4-hour chart, the PYR market has delivered a particularly profitable ongoing session, as reflected by the size of the price candle. This session is currently forming above the uppermost band of the BB indicator, while the BB indicator itself remains fairly expanded.

Likewise, the SRSI indicator lines have recently delivered a crossover, with the ensuing lines now advancing further into the overbought region. At this stage, the market appears to be heading toward the $1.100 price level in the short term.

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