Market Overview for Prom/Tether (PROMUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byRodder Shi
Sunday, Dec 21, 2025 9:18 pm ET1min read
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Aime RobotAime Summary

- PROMUSDT price dropped to $7.152, finding 61.8% Fibonacci support near $7.30.

- Bearish engulfing patterns and declining RSI suggest continued downward pressure.

- High-volume morning rebound failed to break key resistance at $7.37.

- Key support at $7.30 and $7.36 will determine near-term direction, with potential test of $7.152 if broken.

Summary
• Price fell sharply from $7.495 to $7.152, finding a 61.8% Fibonacci retracement near $7.30 as a potential support level.
• Volume surged near the close with a bearish engulfing pattern suggesting further downside potential.
• RSI dipped into oversold territory near 30, but failed to trigger a sustained bounce.
• Bollinger Bands showed a moderate expansion in the afternoon, indicating increasing volatility.
• Turnover spiked in the early morning hours, aligning with a sharp price rebound.

Market Overview

Prom/Tether (PROMUSDT) opened at $7.325 and fell to a 24-hour low of $7.152 before recovering slightly to close at $7.348 at 12:00 ET. The price range was $7.152–$7.495 with total volume of 113,052.29 and turnover of $814,487.05.

Structure & Formations


Price action showed a significant bearish engulfing pattern at $7.308 and a morning rally that failed to break above the 50-period moving average of $7.37. Key support levels appear to be forming near the 61.8% Fibonacci level at $7.30 and prior lows at $7.152, while resistance is clustered around $7.40 and $7.50. A doji formed near $7.395, suggesting indecision and potential reversal signals.

Volatility and Momentum


Bollinger Bands widened during the late afternoon and early evening, coinciding with increased price swings. RSI dipped into oversold territory but failed to trigger a strong rebound, and MACD remained negative throughout, with a bearish crossover forming near $7.36.

Volume and Turnover


Turnover spiked in the early morning hours as price rebounded from $7.271 to $7.442, confirming the move with strong volume. A divergence appeared later in the day as volume declined while price continued lower, hinting at weakening bearish momentum. The final candle showed a high-volume bearish engulfing pattern near $7.34, reinforcing the risk of further downside.

Looking ahead, the 61.8% Fibonacci level at $7.30 and the 20-period moving average at $7.36 will be key for near-term direction. If this level breaks, it may trigger a test of the $7.152 support from earlier in the day. Investors should monitor volume closely for signs of a reversal or continuation of the downtrend.