Prom Announces Mainnet Launch Bringing Better Blockchain Scalability
Mainnet Launch Announcement: Prom has launched its mainnet after a successful testnet phase, achieving over 25 million transactions and 2 million unique wallets, utilizing zero-knowledge proof technology for improved scalability, security, and transaction costs.
Developer and User Engagement: The launch provides developers with a platform to build decentralized applications (dApps) with lower barriers to entry and grants users access to enhanced security and reduced fees, while the $PROM token facilitates governance within the Prom ecosystem.
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Technical Analysis for PROM
Technical Sentiment Analysis for Prom (PROM). As of , Prom (PROM) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for PROM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, PROM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Prom (PROM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.422 | 0.762 | 1.029 | 1.369 | 1.636 | 1.976 | 2.243 |
| Fibonacci | 0.762 | 0.994 | 1.138 | 1.369 | 1.601 | 1.745 | 1.976 |
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