Vulcan Forged (PYR) Primed for Further Upside After Holding This Crucial Support – Analyst

According to crypto analyst Rekt Capital, blockchain gaming altcoin Vulcan Forged (PYR) continues positioning itself for additional price gains after successfully defending a key support level.

In recent tweets, Rekt Capital highlighted the $6.72 price level as an important area to hold for PYR from a charting perspective. PYR recently managed to close the weekly candle above this level after briefly dipping below it last week.

Rekt Capital notes that successfully retesting and holding the $6.72 support now puts Vulcan Forged in a good position to “continue following the green path” of further upside. With PYR establishing this higher low, bulls remain in control of the market structure. PYR is down by 9.44% in the last 24 hours according to CoinMarketCap data.

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In summary, Rekt Capital’s analysis illustrates how PYR has done the groundwork from a chart perspective to justify additional medium-term gains if market conditions cooperate. PYR remains a high-quality altcoin project likely to attract renewed investor interest on continued blockchain gaming adoption.

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Felix Küster
Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.