$PROM / USDT Showing Signs of Recovery on Binance! š±
Current Price: 5.934 USDT
Change: +1.19%
$PROM / USDT on Binance is displaying positive momentum on the 4-hour chart after testing recent lows.
Key Observations:
* Recent High (24h): 5.951 USDT
* Recent Low (24h): 5.767 USDT
* Volume (24h PROM): 169,616.70
* Volume (24h USDT): 993,639.96
The price has bounced from the 24-hour low and is currently trading near the 24-hour high, suggesting renewed buying interest.
Considerations:
* Resistance Level: The 24-hour high of 5.951 USDT is the immediate resistance to watch. A break above this level could signal further upward movement.
* Support Level: The 24-hour low of 5.767 USDT could act as a potential support level if the price retraces.
* Consolidation: The price action over the last few days suggests a period of consolidation between the 5.7 and 6.0 USDT levels.
Disclaimer: This is not financial advice. Always conduct your own thorough research before making any trading decisions.
