Prometeus (PROM) is cooling off after a recent rally, with price action slipping 1.63% in the last 24 hours. Traders are watching for signs of consolidation or a deeper pullback as momentum fades.
- Current Price: $8.63
- 24h Change: −1.63%
- 24h High/Low: $9.27 / $8.52
📉 4H Chart Analysis
- Trend: Sideways-to-bearish — price struggling to hold gains after recent spike
- Support Levels: $8.52 (recent low), $8.20 (historical support)
- Resistance Levels: $9.27 (local high), $9.50 (next breakout zone)
- Pattern: No clear breakout; candles forming lower highs with declining volume
- Volume: Weakening — 5-period MA below 10-period MA, signaling reduced buying interest
- RSI: 50.32 — neutral zone, suggesting indecision
📰 Market Context
No major news impacting PROM directly today. However, recent sentiment on Binance Square highlighted a V-shaped recovery from $5.02, followed by a strong rally toward $9.00. PROM’s Layer 2 ZK-EVM infrastructure continues to attract developer interest, but short-term price action suggests the rally may be losing steam.
📈 Short-Term Outlook
Neutral-to-bearish. If PROM fails to reclaim $8.80 with volume confirmation, a retest of $8.20 or lower is likely. A breakout above $9.27 could reignite bullish momentum, but RSI and volume trends suggest caution.
💬 Will PROM bounce back above $9.00 or drift lower into support? What’s your strategy?
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⚠️ Disclaimer: This is for educational purposes only and is not financial advice.