As per the Daily TF, the overall trend of PYR-USDT is looking as it is sustaining above its major and minor DEMA’s. The Daily is also in the green territory which mildly depicts that buying strength can continue in the coming days.
On the smaller TF(4 Hr ), PYR has been trading in a horizontal channel pattern for the last 3 weeks. But, it seems it is ready to break out from its channel resistance. Currently, it is facing resistance from the middle band of the channel which is placed at $2.95, once we get a decisive breakout from this level, the next potential target is $3.50 followed by the next resistance at $4.50.
On the downside, the nearest support is present at $2.75 followed by the next support at $2.50. It is not likely that PYR will test these support levels again, however, if it enters this range, this would be a golden opportunity to accumulate.