Today, August 12, 2025, $PROM is trading close to $10.16, showing an intraday volatility between $8.78 and $10.27. In the last 24 hours, it has risen approximately 14% to 16%, according to various exchanges like CoinMarketCap and CoinGecko. This spike is explained by a massive increase in trading volume, reflecting renewed interest in the token.
Market momentum
The current momentum is fueled by several signals: increased volume (up nearly 475% more on CoinGecko), breaking short-term resistances, and likely participation from large 'whales' moving tokens to exchanges. This technical momentum follows the pattern of 'prices that rise tend to keep rising' supported by positive RSI and MACD.
Five technical indicators projecting the next hours
RSI (Relative Strength Index): Recovered from oversold levels (~30) towards neutral zone (~55), suggesting room for further upward movement.
MACD: Upward crossover with increasing histogram, signaling growing buying momentum.
Bollinger Bands: Band width of around 7.5%, indicating high volatility and the possibility of consolidation or upward breakout.
Moving Averages (MA 20/50): Recent bullish crossover in the 15-minute timeframe, supporting an immediate positive trend.
Candlestick pattern: Formation of a 'bullish engulfing' around $7.91–$8.03, reinforcing short-term buying pressure.
With these indicators, a continuation of the upward trend is projected in the coming hours, with a possible attempt to break the resistance of ~$10.30–$10.50 if volume remains.
Why is the price at this level?
The recent rise is supported by a combination of factors: a recent 577% explosion in one day (though this figure was on August 9, rising to $8.88); strategic alliances that strengthen the PROM ecosystem; improvements in governance and institutional participation; and a notable increase in volume and technical indicators that invite buying. In summary, a confluence of positive news along with technical signals is driving this movement.
Although technical indicators and high volume suggest potential for further short-term rises, PROM remains highly volatile and dependent on news and market sentiment. The resistance zone around $10.30–$10.50 is key; if it is not broken, we could see a correction towards recent support levels ($8–$9). This news is not an open invitation to trade: it is a raw portrait of what is happening — and a warning to stay alert and manage risk.
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