🚨 $PROM /USDT in Recovery Mode After Sharp Drop – Key Levels to Watch! ⚡🎯
$PROM has experienced a significant dip, currently trading at $6.784, down by -15.95% over the past 24 hours. After hitting a low of $6.455, $PROM seems to be stabilizing as it moves towards key support levels. Here’s what to look out for as PROM attempts a recovery.
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Moving Averages & Key Indicators
1. MA(7): 6.668 – Short-term support; staying above this could signal a potential rebound.
2. MA(25): 7.321 – Key resistance that, if broken, could lead to a stronger recovery.
3. MA(99): 6.046 – Long-term support; staying above this level suggests PROM is maintaining a base for potential upward moves.
PROM’s movement around these averages indicates a potential setup for recovery. Breaking above the 25-hour moving average could encourage bullish momentum.
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Price Targets to Watch for PROM/USDT
🎯 Target 1: $7.321 – Immediate resistance; a breakout above this could indicate short-term bullish momentum.
🎯 Target 2: $8.000 – Key level where further buying may lead to stronger gains.
🎯 Target 3: $8.844 – Stretch target if bullish sentiment builds, signaling a complete recovery move.
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Caution: If PROM fails to hold above $6.500, it could revisit its recent lows around $6.000. Traders should keep an eye on these critical levels to determine if PROM can sustain its recovery.
Stay tuned as PROM attempts to break through these resistance levels, with a possible bullish turnaround on the horizon!
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