Market Overview for Prom/Tether (PROMUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byTianhao Xu
Monday, Dec 22, 2025 9:47 pm ET1min read
PROM
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Aime RobotAime Summary

- Prom/Tether (PROMUSDT) dropped 2.4% in 24 hours, forming a bearish engulfing pattern near its session high of 7.413.

- Volume spiked above 3,000 during key breakdowns while RSI entered oversold territory twice without triggering rebounds.

- Bollinger Bands tightened before a 5% drop below the lower band, with 61.8% Fibonacci support at 7.256 failing late.

- Price closed below 20/50-period moving averages at 7.260, with 7.20-7.25 now acting as critical psychological support.

Summary
• Price fell from 7.413 to 7.237 over 24 hours, forming a bearish engulfing pattern near the session’s high.
• Volume spiked above 3,000 at key breakdowns, confirming downward momentum.
• RSI hit oversold territory twice, failing to trigger a strong rebound.
• Bollinger Bands tightened mid-session, followed by a sharp break below the lower band.
• A 61.8% Fibonacci retracement at 7.256 acted as support, but failed to hold in the final 6 hours.

Prom/Tether (PROMUSDT) opened at 7.341 on 2025-12-21 12:00 ET, reached a high of 7.413, fell to a low of 7.230, and closed at 7.260 by 12:00 ET on 2025-12-22. Total 24-hour volume was 136,598.36, with notional turnover of approximately $971,590.

Structure & Formations


Price formed a bearish engulfing pattern during the early session, followed by a doji near the 7.343 level, suggesting indecision. Key support levels emerged at 7.307 and 7.259, with the latter failing to hold late in the session. Resistance remained firm near 7.343 and 7.378, where selling pressure reemerged after brief attempts to rally.

Moving Averages


The 20-period and 50-period moving averages on the 5-minute chart confirmed a downward trend, with price closing below both by the session’s end. On the daily chart, the 50-period MA acted as dynamic resistance near 7.35–7.36.

Momentum and Volatility


The MACD crossed below the signal line mid-session, reinforcing bearish momentum. RSI dipped into oversold territory around 7.230 and 7.259, but failed to produce a strong bounce. Bollinger Bands contracted sharply during the overnight hours before widening with a 5% price drop.

Volume and Turnover


Volume spiked above 3,000 on several 5-minute bars, particularly during the 22:15–22:30 ET and 16:45–17:00 ET periods, confirming bearish breakdowns. Turnover aligned closely with price action, with no major divergences observed.

Fibonacci Retracements


A key 61.8% retracement level at 7.256 held temporarily but was breached after 10:00 ET. This level now serves as a near-term pivot point to watch for potential bounces or further declines.

The market appears to be testing the psychological level of 7.20–7.25, with bearish pressure likely to remain dominant unless buyers step in above 7.307. Investors should monitor for a potential bounce or renewed selling if this zone fails. As always, volatility remains high, and sharp reversals are possible within the next 24 hours.