📉 $PROM /USDT – 1H Chart Breakdown
PROM just took a sharp hit and is now trying to stabilize.
What the chart shows 👇
Price dropped hard from 8.69 → 6.80, confirming strong bearish momentum.
Currently trading around 7.03, forming a weak consolidation after the dump.
Price is below MA(25) & MA(99) → overall trend still bearish.
MA(7) ≈ current price, showing short-term balance but no clear reversal yet.
Volume spike on the sell-off = capitulation move, followed by declining volume (cooling phase).
Key Levels 🎯
Support: 6.80 – 6.70 (critical demand zone)
Resistance: 7.50 → 7.95 (MA zone)
Major rejection: 8.30+
Bias 🧠
Below 7.50 → rallies likely to be sold
A clean reclaim & hold above 7.95 could open room for recovery
Lose 6.80 → risk of further downside acceleration
⚠️ Market is in wait-and-watch mode. Let price confirm before chasing longs.
#PROM #PROMUSDT #CryptoTA #BinanceSquare #Altcoins $PROM
