Market Overview for VulcanForged/Bitcoin (PYRBTC) – 24-Hour Summary

Summary
• Price fell to $7.08e-06 amid late-day selling pressure but showed partial recovery in final hours.
• Volume spiked during 15:30–16:15 ET with a 20,997.96 lot move pushing price to $8.34e-06 high.
• Momentum indicators show oversold conditions, suggesting potential for near-term bounce.

Market Overview for VulcanForged/Bitcoin (PYRBTC)

VulcanForged/Bitcoin (PYRBTC) opened at $7.78e-06 on 2025-11-12 at 12:00 ET and closed at $7.13e-06 on 2025-11-13 at 12:00 ET. During the 24-hour period, the pair reached a high of $8.34e-06 and a low of $7.08e-06. Total trading volume amounted to approximately 60,653.496 lots, while notional turnover reflects elevated activity driven by a sharp price move during the 15:30–16:00 ET window.

Price action showed a strong bearish bias in the afternoon with a significant decline to $7.08e-06. A partial recovery followed, ending the period at $7.13e-06. Volatility expanded during the key price swing, and the move appears to test a potential support level in the $7.08e-06–$7.10e-06 range.

Structure & Moving Averages

A key support area formed around $7.08e-06, where the price found a base after a sharp decline. Resistance remains near $7.39e-06 and $7.5e-06, both of which were tested but rejected. On the 15-minute chart, the 20-period and 50-period moving averages both trended downward, confirming the bearish bias. A potential reversal setup may emerge if the price retests the $7.08e-06 level with higher volume and positive close.

MACD, RSI, and Bollinger Bands

The RSI dipped into oversold territory near 28 during the late afternoon, suggesting short-term potential for a bounce. The MACD histogram showed a bearish divergence earlier in the day but turned slightly positive in the final 3 hours, indicating a potential near-term bottom. Bollinger Bands reflected a significant volatility expansion during the sharp price move to $7.08e-06, with the closing price now sitting near the lower band, reinforcing the oversold signal.

Volume and Turnover Divergence

Volume spiked to $20,997.96 lots during the 15:30–16:00 ET price collapse, confirming the bearish move. Notional turnover also surged during this period, suggesting significant liquidation or shorting pressure. A divergence between price and volume occurred during the final 2 hours, where the price recovered slightly, but volume remained subdued. This may indicate a lack of conviction among traders in the recovery attempt.

Fibonacci Retracement Levels

Applying Fibonacci retracement to the 15-minute swing from $7.08e-06 to $8.34e-06, the key levels at 38.2% ($7.55e-06) and 61.8% ($7.39e-06) were both tested and rejected. These levels could serve as potential resistance in a recovery attempt. On the daily chart, the $7.20e-06 level appears to act as a critical psychological threshold for near-term buyers.

Backtest Hypothesis

A backtest of a potential trade-level strategy has been proposed, but it requires a supported price feed. The error message indicates that the backtest engine cannot find the correct price source for the ticker symbol PYRBTC. To proceed, a specific exchange or price source must be defined. This includes options such as Binance’s PYRBTC pair or a custom OHLCV file. Once this is confirmed, the backtest can be rerun to provide performance metrics and visual reports.