đź’ŽA notable change in sentiment is unfolding for #PYRUSDT following the breakthrough above the downtrend trendline. Since then, the previous support has once again become a demand zone. Over the past 7 days, there have been multiple rejections near the $3.00 psychological support level, emphasizing the vigorous defense by bulls.
đź’ŽAdditionally, the current price position is situated at the bottom of an ascending channel, presenting an intriguing entry point for potential buyers. Anticipate a potential 24% price increase within one or two weeks, as the primary resistance lies near $3.80, coinciding with a double Fibonacci resistance area.
đź’ŽWhile some attempts by #PYR to test lower levels or produce temporary spikes below the support level may occur, it is crucial to monitor the $2.95 level as a key invalidation signal for the bullish scenario. Bulls remain in control as long as the price remains above this level.
Stay vigilant and seize the opportunities, Paradisers! 🌴