$PROM This coin has been trading in a quite complicated manner recently, with prices fluctuating in the 3-4 dollar range. From a technical perspective, after experiencing a sharp drop, it has shown a rebound due to overselling, but the overall trend has not completely reversed. The small doji candlesticks on the chart indicate that both bulls and bears are in a tug-of-war, while the Bollinger Bands show that the price is still hovering near the lower band. Although the MACD has slowed down its downward trend, it has not yet formed a golden cross.
This position is quite delicate; above, 4.37 dollars is a strong resistance level that needs significant volume to break through; below, there is support around 3.2 dollars.
From on-chain data, there haven't been any major movements from large funds recently, but retail investors are quite active in trading.
This kind of market is best for observation, to see if it can stabilize within the 3.2-4.3 range, and to wait until the direction becomes clear before making decisions.
After all, the project is focused on data trading, and such infrastructure requires time to accumulate value. Large short-term fluctuations are also normal.
The market is ever-changing, and opportunities can be fleeting. If you are still wandering in confusion, unsure how to seize buying and selling opportunities, you might as well follow @Crypto余辉 for irregular updates on the latest market hotspots, in-depth strategic analyses, and those easily overlooked potential tracks.
