In this Vulcan Forged technical analysis, we will examine the current price action, trading volume, key levels and indicators for PYR-USDT. Vulcan Forged (PYR) is a decentralized gaming platform that utilizes blockchain technology to provide a secure and transparent gaming experience. The platform features a native cryptocurrency called PYR, which can be used to purchase in-game items and access premium content. With its focus on community engagement and player rewards, Vulcan Forged is poised to revolutionize the gaming industry with its innovative approach.
Vulcan Forged Price Overview:
As of May 12, 2024, Vulcan Forged is trading at approximately 4.244 USDT. Let’s dive into the detailed price action for PYR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 4.234 |
| High (H) | 4.296 |
| Low (L) | 4.211 |
| Close (C) | 4.244 |
| Volume (C) | 104,279.45 |
- Open (O): The opening price for today’s trading session was approximately 4.234 USDT.
- High (H): Vulcan Forged reached a daily high of around 4.296 USDT.
- Low (L): The daily low for PYR-USDT was approximately 4.211 USDT.
- Close (C): At the time of analysis, Vulcan Forged is trading near its daily close of 4.244 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.09% |
| 3D Change (%) | -4.54% |
| 7D Change (%) | -5.96% |
| 30D Change (%) | -18.49% |
| 90D Change (%) | -34.66% |
| YTD Change (%) | -49.63% |
Over the past three days, PYRUSDT has fallen by approximately -4.54%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -5.96%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PYRUSDT maintaining a downward trend of approximately -18.49%, despite intermittent fluctuations. Examining the last 90 days, PYRUSDT has witnessed substantial decline of approximately -34.66%, reflecting strong long-term confidence. Year-to-date, PYRUSDT has steadily decreased by around -49.63%, 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-USDT 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 0.52102.
- Momentum score is -0.17688.
PYR USDT Technical Analysis
Vulcan Forged Trading Volume:
The trading volume for Vulcan Forged (PYR) over the past 24 hours has been insignificant, with approximately 104,279.45 USDT 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-USDT is currently in the low zone, around 39.65124. This suggests that Vulcan Forged is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Vulcan Forged (PYR-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Vulcan Forged (PYRUSDT) faces challenges, trading at 4.24 USDT, as technical analysis signals 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.