In this Vulcan Forged technical analysis, we will examine the current price action, trading volume, key levels and indicators for PYR-BTC. Vulcan Forged (PYR) is a decentralized gaming platform that leverages blockchain technology to provide a secure and transparent gaming experience. The platform utilizes its own cryptocurrency, PYR, as the primary in-game currency, allowing players to purchase digital assets and services within the Vulcan Forged ecosystem. With its focus on community engagement and user-generated content, Vulcan Forged is poised to revolutionize the gaming industry by providing a more immersive and interactive experience for gamers.
Vulcan Forged Price Overview:
As of May 13, 2024, Vulcan Forged is trading at approximately 7e-05 BTC. Let’s dive into the detailed price action for PYR-BTC:
| Metric | Value |
|---|---|
| Open (O) | 7e-05 |
| High (H) | 7e-05 |
| Low (L) | 7e-05 |
| Close (C) | 7e-05 |
| Volume (C) | 4,755.33 |
- Open (O): The opening price for today’s trading session was approximately 7e-05 BTC.
- High (H): Vulcan Forged reached a daily high of around 7e-05 BTC.
- Low (L): The daily low for PYR-BTC was approximately 7e-05 BTC.
- Close (C): At the time of analysis, Vulcan Forged is trading near its daily close of 7e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.47% |
| 3D Change (%) | -4.42% |
| 7D Change (%) | -8.09% |
| 30D Change (%) | -5.50% |
| 90D Change (%) | -49.24% |
| YTD Change (%) | -66.38% |
Over the past three days, PYRBTC has fallen by approximately -4.42%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -8.09%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PYRBTC maintaining a downward trend of approximately -5.50%, despite intermittent fluctuations. Examining the last 90 days, PYRBTC has witnessed substantial drop of approximately -49.24%, reflecting strong long-term confidence. Year-to-date, PYRBTC has steadily decreased by around -66.38%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Vulcan Forged Live Chart:
You can access a live price chart for PYR-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.43997.
- Momentum score is -0.12073.
PYR BTC Technical Analysis
Vulcan Forged Trading Volume:
The trading volume for Vulcan Forged (PYR) over the past 24 hours has been insignificant, with approximately 4,755.33 BTC traded against PYR. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): PYR is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Vulcan Forged is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for PYR-BTC is currently in the low zone, around 35.94768. This suggests that Vulcan Forged is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Vulcan Forged (PYR-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Acknowledge bearish outlook for Vulcan Forged (PYRBTC) at 6.70e-05 BTC with technical analysis, emphasizing weakened support and cautionary indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.