PYR Rises 63.69% in 24 Hours Amid Strong Short-Term Gains

On SEP 8 2025, PYR surged by 63.69% within 24 hours to reach $0.0000095. Over the past week, the token has experienced a substantial 338.06% increase, and within a month, it rose 226.54%. However, on a longer time horizon, it has dropped by 7069.55% over the past year.

Following a recent market correction, PYR has shown a sharp rebound, primarily driven by speculative inflows into the token. There has been no official announcement related to product development or strategic partnerships that could explain the surge. Analysts have suggested that the movement is likely attributable to retail-driven accumulation and algorithmic trading activity rather than fundamental developments.

Technical indicators have shown a positive divergence in the short term, with the RSI moving above key support levels and the MACD showing a narrowing of the bearish crossover. These signals suggest a potential continuation of the upward momentum. Traders are closely monitoring the 0.0000095 level as a critical point for further buying pressure. A break above this level could trigger stop-loss orders and extend the rally.

In the longer term, the token is still significantly below its all-time highs and remains in a bearish trend despite the recent gains. The 50-day and 200-day EMAs remain in a descending order, reinforcing the idea that the upswing is more of a countertrend rally than a fundamental reversal.

Backtest Hypothesis

A backtesting strategy based on RSI and MACD signals was evaluated using historical data. The strategy is designed to enter long positions when RSI crosses below 30 (oversold levels) and the MACD line crosses above the signal line. Exit conditions are triggered when the RSI moves above 70 (overbought) or when the MACD line crosses below the signal line. The approach aims to capture short-term momentum while managing risk through defined stop-loss and take-profit levels.

The results from the backtest indicated that the strategy would have captured several short-term rallies in PYR over the past year, albeit with high drawdowns during prolonged bearish phases. The positive return on a risk-adjusted basis was limited, suggesting that while the strategy may align with the recent upturn, it requires tighter risk parameters or additional filters for consistent profitability.