**Technical Overview**



PROM has fallen 38.51% from its high in the past 24 hours, with the current price holding at 4.449 USDT. Interestingly, trading volume has not shrunk; instead, it has risen to 51.21M. Open interest (OI) remains at 958,392.40, showing no obvious decline. What does this phenomenon indicate? It’s not a typical short squeeze causing the drop, but rather suggests that some major players are continuously selling off.

**Key Levels**

Looking downward, the 4.2000 level is crucial — it’s both a psychological round number and the lower boundary of a previous dense trading zone. If this level cannot hold, the next line of defense is 3.8500. Looking upward, 4.8500 is the first resistance during today’s rebound, and above that, there’s a stronger resistance at 5.3000.

**How to Operate**

Currently, the market is in a clear downtrend, so bottom-fishing on the left side is not a smart choice. The real opportunity lies on the right side — if the price can rebound and stabilize above 4.8500, it may indicate that the downward momentum is weakening. Conversely, if it breaks below 4.2000 with high trading volume, the space will further open up, and downside risk will continue to increase.

**What is the Project Itself**

Prometeus Network is positioned as a decentralized data marketplace, mainly serving industries sensitive to data such as finance and healthcare. Simply put, it aims to use blockchain to create a "SWIFT for data," securely transferring sensitive data and asset information between institutions. Its core competitive advantage is building a vertical oracle network. From a token perspective, both circulating supply and total supply are 19 million, all of which are in circulation, with specific functionalities in governance, data service fee payments, and node staking.

**The Real Challenges Behind**

It sounds grand, but reality is more complex. B2B data markets require strong regulatory approval and industry trust, which inherently conflicts with the decentralized philosophy. As a result, project implementation has been slow. Furthermore, in the highly competitive oracle space, Prometheus’s niche positioning does not create a significant differentiation from giants like Chainlink. Additionally, full circulation avoids unlocking pressure but also means lacking long-term incentive anchoring mechanisms. When actual revenue and applications do not keep pace, the token risks becoming purely a speculative tool. The recent volume-driven decline essentially reflects the market’s re-pricing of its practical progress — in simple terms, growth is not as fast.
PROM-31,54%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
hodl_therapistvip
· 16h ago
The main force dumping is just teaching retail investors a lesson, trying to buy the dip on the left side... really, none of them will ever succeed.
View OriginalReply0
MemeTokenGeniusvip
· 16h ago
The main force is dumping the market, this wave is a typical leek-cutting rhythm... No one wants the fully circulating tokens anymore?
View OriginalReply0
GasFeeWhisperervip
· 16h ago
With the main force selling off so aggressively, it feels like we're about to become a tool for gambling again.
View OriginalReply0
CodeSmellHuntervip
· 16h ago
The main force's method of dumping is really ruthless. Instead of shrinking, the trading volume increases, clearly indicating someone is trying to shake out the weak hands.
View OriginalReply0
degenwhisperervip
· 16h ago
Is the main force dumping the market or what? Anyway, I don't dare to buy on the left side anymore.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)