Binance Technical Analysis: PROM/USDT - Price Action & Targets 🎯
📊 Current Price: $6.615 (+12.27% in 24h)
📅 24h High: $6.641 | 24h Low: $5.832
📉 Volume: 753,891.21 PROM | 4.71M USDT
---
Technical Analysis Overview:
The PROM/USDT pair has shown strong upward momentum, with the price gaining 12.27% over the past 24 hours. This move comes after a bounce off the 24h low at $5.832, pushing the price towards the current level of $6.615. The key resistance level for this pair sits at $6.641, which is just shy of the 24h high.
Key Indicators:
SAR (Stop and Reverse): 6.089
Depth: Strong buy orders are building at lower levels ($5.579 to $6.305), providing support in case of pullbacks.
Target Analysis 🎯:
1. Target 1 - Resistance Level: $6.695
The immediate resistance is around $6.695. If the momentum continues, expect the price to test this level. A breakout above this resistance could open the door for further upside.
2. Target 2 - Intermediate Support: $6.305
On the downside, $6.305 serves as a key support zone. Traders might look for a bounce here if the market experiences a slight retracement.
3. Target 3 - Strong Support: $5.579
In the event of a deeper pullback, $5.579 could act as a solid support level. A break below this point would signal a potential trend reversal, so watching price action around this level is crucial.