#prom
🚀 $PROM : Activity surge and key levels
$PROM price has increased by +41.95% in the last 24 hours (current price ~$3.05) on the back of a listing on the Upbit exchange and a record increase in open interest on futures.
📊 Key market drivers
1️⃣ Listing on Upbit (South Korea)
The token was added to pairs with KRW and USDT, which caused a sharp influx of spot volume.
Risk: Such listings are often accompanied by impulsive growth with a rapid subsequent pullback ("Upbit effect").
2️⃣ Record open interest (OI)
OI on Binance Futures increased by 123% to $74.64 million.
The Long/Short ratio is 1.34 (advantage on the side of buyers), however, high leverage increases the risk of volatility and liquidations.
3️⃣ Technical Price Levels
Resistance: $3.39 (daily high).
Support: $2.80 (key zone to maintain the uptrend).
Lower level: $2.50 (if $2.80 fails to hold).
⚠️ Summary: The surge in activity is set by the Upbit exchange, but the further fate of the movement depends on maintaining the $2.80 level over the next 24–48 hours.
🚀 $PROM : Activity surge and key levels
$PROM price has increased by +41.95% in the last 24 hours (current price ~$3.05) on the back of a listing on the Upbit exchange and a record increase in open interest on futures.
📊 Key market drivers
1️⃣ Listing on Upbit (South Korea)
The token was added to pairs with KRW and USDT, which caused a sharp influx of spot volume.
Risk: Such listings are often accompanied by impulsive growth with a rapid subsequent pullback ("Upbit effect").
2️⃣ Record open interest (OI)
OI on Binance Futures increased by 123% to $74.64 million.
The Long/Short ratio is 1.34 (advantage on the side of buyers), however, high leverage increases the risk of volatility and liquidations.
3️⃣ Technical Price Levels
Resistance: $3.39 (daily high).
Support: $2.80 (key zone to maintain the uptrend).
Lower level: $2.50 (if $2.80 fails to hold).
⚠️ Summary: The surge in activity is set by the Upbit exchange, but the further fate of the movement depends on maintaining the $2.80 level over the next 24–48 hours.