$PROM is stabilizing after a sharp rejection from its 24h high as buyers attempt to defend the current demand zone.

LONG: PROM

Entry: 1.250 – 1.298

Stop-Loss: 1.215

TP1: 1.365

TP2: 1.440

TP3: 1.550

PROM is exhibiting a corrective cooling phase on the 1H timeframe following its rally to $1.449. The price is currently trading at $1.298, resting just above a critical support shelf after a pullback. While the SuperTrend (10,3) remains bearish at 1.410, the narrowing price action and stabilization near the recent local low of $1.221 suggest that the selling pressure is reaching exhaustion.

The technical outlook is balanced by an RSI(6) of 46.21, which has reset from overbought levels and is now trending sideways in neutral territory, providing room for a potential bounce. Additionally, the MA(5) is beginning to flatten out against the MA(10), signaling a reduction in downward momentum. As long as the $1.221 floor is defended, the setup favors a relief rally back toward the $1.365 resistance, with extension targets toward the $1.449 high if buyers regain control.

Trade $PROM on Binance

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