$PROM is currently trading at 6.957 USDT which is around Rs1930.71. It is up by 32.11 percent in the last 24 hours. It is the second top gainer on the list after ZKC.
The reason for the pump looks like sector rotation. All ZK and AI related coins are running today. ZKC is up 73 percent and ZKP is up 29 percent. So money is flowing into this narrative. PROM is part of Prometheus project which focuses on AI and blockchain.
From the chart it looks like a steady climb over 24 hours. Price started near 5.50 USDT and moved up gradually to 6.957. There was no big dump in between. The move got faster in the last few hours.
Three things to watch now. First, volume needs to stay high to continue this move. Second, 6.957 is an important level. If it holds above this we can see 7.20 to 7.50 next. If it rejects we can see a pullback. Third, do not FOMO. A 30 percent move can reverse 10 to 20 percent quickly.
Overall PROM looks good for short term trading right now because of the momentum. For long term you should still check the project fundamentals and news before entering.
#prom #GoldFalls3.24%ThisWeek #PROM/USDT #TraderAlert
The reason for the pump looks like sector rotation. All ZK and AI related coins are running today. ZKC is up 73 percent and ZKP is up 29 percent. So money is flowing into this narrative. PROM is part of Prometheus project which focuses on AI and blockchain.
From the chart it looks like a steady climb over 24 hours. Price started near 5.50 USDT and moved up gradually to 6.957. There was no big dump in between. The move got faster in the last few hours.
Three things to watch now. First, volume needs to stay high to continue this move. Second, 6.957 is an important level. If it holds above this we can see 7.20 to 7.50 next. If it rejects we can see a pullback. Third, do not FOMO. A 30 percent move can reverse 10 to 20 percent quickly.
Overall PROM looks good for short term trading right now because of the momentum. For long term you should still check the project fundamentals and news before entering.
#prom #GoldFalls3.24%ThisWeek #PROM/USDT #TraderAlert
