$PROM /USDT Collapse
The PROM/USDT pair is witnessing a massive technical breakdown on the 4-hour chart. After failing to hold the resistance levels near 9.191, the price has entered a steep freefall, currently trading at 7.512.
Key Statistics
* Current Price: 7.512 USDT
* 24h Change: -6.65%
* 24h High: 8.086
* 24h Low: 7.453
* Total Volume: 3.18M USDT
Technical Breakdown
The chart reveals a high-velocity downward move characterized by consecutive red marubozu candles. The price has sliced through previous support zones with significant momentum. The 5-period Moving Average (MA) is currently at 58,385.53 units of volume, indicating intense selling pressure.
Critical Levels
* Immediate Support: 7.453 (recent 24h low)
* Primary Resistance: 8.131 (previous breakdown point)
* Major Ceiling: 9.191
Traders should monitor for a potential relief rally or a continuation toward the 7.366 level if support fails to hold.
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