In this Prosper technical analysis, we will examine the current price action, trading volume, key levels and indicators for PROS-USDT. Prosper is a decentralized lending platform that utilizes blockchain technology to facilitate peer-to-peer transactions. By leveraging smart contracts and cryptocurrency, Prosper enables individuals to borrow and lend money without the need for traditional financial intermediaries. This innovative approach has the potential to disrupt the traditional banking industry and provide greater access to credit for underserved communities.
Prosper Price Overview:
As of July 06, 2024, Prosper is trading at approximately 0.3205 USDT. Let’s dive into the detailed price action for PROS-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.3088 |
| High (H) | 0.321 |
| Low (L) | 0.3065 |
| Close (C) | 0.3205 |
| Volume (C) | 1,068,773.00 |
- Open (O): The opening price for today’s trading session was approximately 0.3088 USDT.
- High (H): Prosper reached a daily high of around 0.321 USDT.
- Low (L): The daily low for PROS-USDT was approximately 0.3065 USDT.
- Close (C): At the time of analysis, Prosper is trading near its daily close of 0.3205 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.82% |
| 3D Change (%) | -10.47% |
| 7D Change (%) | -10.42% |
| 30D Change (%) | -19.61% |
| 90D Change (%) | -40.08% |
| YTD Change (%) | -4.81% |
Over the past three days, PROSUSDT has declined by approximately -10.47%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -10.42%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PROSUSDT maintaining a downward trend of approximately -19.61%, despite intermittent fluctuations. Examining the last 90 days, PROSUSDT has witnessed substantial fall of approximately -40.08%, reflecting strong long-term confidence. Year-to-date, PROSUSDT has steadily decreased by around -4.81%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Prosper Live Chart:
You can access a live price chart for PROS-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.65667.
- Momentum score is -0.18861.
PROS USDT Technical Analysis
Prosper Trading Volume:
The trading volume for Prosper (PROS) over the past 24 hours has been insignificant, with approximately 1,068,773.00 USDT traded against PROS. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): PROS is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Prosper is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for PROS-USDT is currently in the low zone, around 42.44403. This suggests that Prosper is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Prosper (PROS-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Navigate challenges in realm of Prosper (PROSUSDT) at 3.21e-01 USDT with technical analysis pointing to bearish outlook and potential downturns.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.