While the price on PROM rose by 8.2%, spot volume fell by 39.4%; however, the number of transactions increased by 174.9%.
This divergence suggests that market participation has increased, but trades are being split into smaller volumes. Since sellers are slightly ahead in taker flow, the rally has not yet been clearly confirmed by strong buyer demand.
The key point to watch for the sustainability of the move is whether the rising number of transactions will be supported by volume increasing again and clear buyer dominance.
This divergence suggests that market participation has increased, but trades are being split into smaller volumes. Since sellers are slightly ahead in taker flow, the rally has not yet been clearly confirmed by strong buyer demand.
The key point to watch for the sustainability of the move is whether the rising number of transactions will be supported by volume increasing again and clear buyer dominance.