📊 Technical Analysis: PROM/USDT on Binance 🎯
Current Price: £6.35 (+19.89% in the last 24 hours)
The PROM/USDT pair has seen significant activity, with a notable increase in trading volume and upward price movement, suggesting a bullish momentum. Here’s a quick breakdown of recent data, targets, and technical indicators.
🎯 Target 1: £6.48
24H High: PROM recently reached a high of £6.48, marking a key resistance level. Breaking through this level could signal further bullish potential.
Short-Term Strategy: If volume supports it, breaking £6.48 may lead to continued growth. Watch for increased buying pressure around this level.
🎯 Target 2: £6.80 - £7.00
Technical Indicator Signals: Moving Averages (MA) and Bollinger Bands (BOLL) are showing positive trends, indicating that £6.80 - £7.00 is an achievable mid-term target. Look for confirmation from the MACD and RSI; a strong RSI above 70 could confirm an overbought condition.
Strategy: A close above £6.48 with a stable RSI suggests room for growth toward the £7 mark.
🎯 Target 3: £8.00+ (Long Term)
Potential for Further Gains: Given recent momentum, £8.00 could serve as a long-term target if bullish sentiment continues. Keep an eye on macro trends and the SAR for any trend reversals. This level represents a psychological resistance that may attract profit-taking.
Strategy: Consider partial profit-taking near this level, and monitor trading volumes and other indicators for sustained momentum.
Additional Indicators to Watch:
SAR (5.264) – Currently bullish, but keep an eye for reversals.
MACD & RSI – Confirming strength; further gains likely if RSI stays in the 60-70 range without hitting overbought zones.
