It's been a long time since I've looked at Wayfinder. Ever since $prompt was listed on Binance Alpha, futures, and OKX, Coinbase, today it has also gone live on the first-tier Korean exchange Bithumb. So let's take another look at the technical and chip situation based on your needs;
First of all, the price has already gone through two standard proportional retracements since the last viewpoint was published. The price has found support in the lower demand zone and has made higher highs and lows under the influence of positive news on a smaller scale;
Therefore, it can be expected that this retracement trend has ended, and the short-term focus is on...
Whether the price can achieve an effective rebound from this demand zone and break through the upper secondary supply zone (0.382), which indicates that the price has the potential to make higher highs on a larger scale.
The core support is still at 0.228, which is the key position for current capital game!
In terms of chips, we can see that the current price has already risen above the POC, indicating that the positions at the peak of the chips are starting to profit. As one of the hottest projects previously mentioned by @KaitoAI, Prompt has been trying to wash away a large number of early airdrop chips.
Currently, the range formed by the upper and lower supply and demand levels is also a region where the chip distribution is relatively dense. Personally, I expect the price to maintain a range of fluctuations here for a while and gradually organize a higher accumulation of low-level chip peaks, in simple terms, this means gathering most of the positions in a small range.
Such structures have appeared in the $Kaito and other new project token markets, so overall it looks quite healthy. As long as the price does not fall below the core demand zone below, it is possible to build a long-term accumulation range.