Technical analysis by MyCryptoParadise_Jack about Symbol PYR: Buy recommendation (12/3/2024)

Yello, Paradisers! #PYRUSDT has spent the past few months in a clear accumulation phase, steadily preparing for its next move. Recently, #PYR broke out of a descending resistance, signaling the first signs of growing momentum. But is this the breakout bulls have been waiting?💎Currently, PYR is focused on re-establishing its strong support zone. This zone between 3.60 to 3.80 levels, bolstered by the 200-Day Moving Average, is being tested as support. Establishing this area as a solid base is absolutely crucial for PYR’s upward trajectory. Once this zone gets confirmed as a strong support, PYR will be in for a major rally higher.💎If bulls succeed in their efforts, the price would aim for the next resistance cluster at $5.05–$5.30. This level represents a moderate hurdle where some profit-taking could occur, potentially slowing progress.💎If bullish momentum persists beyond this point, PYR could rally toward the strong resistance zone at $6.40–$6.80. This area is a major target for bulls due to its significant confluence of horizontal resistance and the 50% Fibonacci retracement level, making it a critical price ceiling for the upward move.💎The next few days are pivotal for PYR. Once bulls hold the 3.60–3.80 level and build the momentum needed to overcome resistance zones ahead, PYR will be open for a strong move higher.Patience and discipline are key here, Paradisers. Be focused as opportunities abound for those who wait for the right moment!MyCryptoParadiseiFeel the success🌴