🚨, Attention to $PROM/USDT!
Crypto family, things are getting interesting with PROM! We are seeing a spectacular bounce, with a 4.33% increase today. It seems that the market is trying to manipulate us with these movements. The price shot up to $5.700, but be careful, the wick tells us that not everything is rosy and that manipulation is the order of the day. The 24h volume at $PROM is 662,380.76, indicating some interest.
Right now, the key zone is the support at $5.289. It's vital that PROM remains above that level to avoid larger drops and not fall into the trap of market makers! If we manage to consolidate above $5.570, we could look to target $5.700 again. The 5-day moving average is at $5.575, very close to the current price, indicating that there is strength, but also volatility.
On the supply and demand side, we see 59.58% supply versus 40.42% demand. This could indicate that selling pressure is significant and we need to be careful with sharp movements. Patience and critical analysis before each decision!
So, keep an eye out! The levels of $5.289 and $5.700 are crucial. The market can be a roller coaster of emotions and sometimes the candles want to deceive us, so HODL wisely and don't fall for FUD or FOMO!
