PYR/USDT Breaking the Downtrend? Major Reversal Setup Toward $2+PYR / TetherUSBINANCE:PYRUSDTCryptoNuclear 📌 Analysis Summary: PYR/USDT is currently at a critical juncture after enduring a prolonged downtrend since December 2024. However, early signs of a major trend reversal are emerging as selling pressure weakens and a bullish pattern begins to form. The price action has shaped a classic Falling Wedge — a well-known bullish reversal pattern. The declining volume, narrowing price action, and strong support zone indicate that a breakout may be imminent. 📊 Pattern: Falling Wedge (Bullish Reversal) Descending Trendline: Consistent lower highs since December 2024 now being tested. Volume Contraction: Typical of the final phase of accumulation before a breakout. Solid Support Base: Formed at the $0.78–$0.83 area, with multiple bounces. This pattern suggests that although the price has been declining, bearish momentum is fading, paving the way for a potential sharp move upward. 🚀 Bullish Scenario (Upside Reversal): If PYR can break above the descending trendline and close above $0.95 with strong volume, it would confirm the breakout and open the path toward these key resistance levels: 1. $1.045 – Initial breakout target. 2. $1.10 – Psychological resistance. 3. $1.181 – Former support turned resistance. 4. $1.300 – Consolidation zone from earlier. 5. $1.382 – Fibonacci-based extension. 6. $2.148 – Mid-term target and key historical resistance. 7. $2.592 – $3.458 – Long-term target if the bullish trend fully unfolds. 📍 A daily candle close above $1.10 with strong volume would be a solid confirmation of trend reversal. 🔻 Bearish Scenario (Failed Reversal): If the price fails to break above the trendline and faces rejection: A retest of the $0.83–$0.78 support zone is likely. A breakdown below $0.78 may lead to deeper lows (not visible on this chart). Bearish momentum would strengthen further if BTC or the broader market sentiment turns negative. 📍 Bearish confirmation would occur on a strong breakdown below $0.78 with increasing sell volume. 🎯 Strategy & Key Insights: Watch for a clean breakout with volume above the descending trendline. Ideal setup for breakout traders or mid-term swing traders. Excellent risk/reward ratio near the bottom of a long downtrend. 📈 Summary of Potential Upside Targets: Target Type Price Level Initial Breakout $1.045 Breakout Confirmation $1.10 Extension Target $1.181 - $1.382 Mid-Term Target $2.148 Long-Term Potential $2.592 – $3.458 🔥 Final Thoughts: PYR/USDT is sitting at the edge of a breakout from a long-term downtrend, and if this Falling Wedge pattern plays out, it could mark the beginning of a powerful bullish phase. The upside potential is massive, with targets over 100% above the current level. However, caution is still needed — a rejection at the trendline could invalidate the bullish thesis. Watch this chart closely! #PYR #PYRUSDT #CryptoBreakout #AltcoinReversal #FallingWedge #TechnicalAnalysis #BullishSetup #CryptoTrading #BreakoutTrade #AltcoinSeason