In this Prosper technical analysis, we will examine the current price action, trading volume, key levels and indicators for PROS-USDT. Prosper (PROS) is a decentralized cryptocurrency that utilizes a proof-of-stake consensus algorithm, which allows for faster transaction times and lower energy consumption compared to traditional proof-of-work algorithms. PROS also features a unique governance system that allows holders of the cryptocurrency to vote on proposals for its development and growth. With its focus on sustainability and community involvement, Prosper (PROS) is poised to become a leader in the rapidly growing decentralized finance (DeFi) space.
Prosper Price Overview:
As of October 02, 2023, Prosper is trading at approximately 0.2684 USDT. Let’s dive into the detailed price action for PROS-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2821 |
| High (H) | 0.2868 |
| Low (L) | 0.2682 |
| Close (C) | 0.2684 |
| Volume (C) | 3,388,529.00 |
- Open (O): The opening price for today’s trading session was approximately 0.2821 USDT.
- High (H): Prosper reached a daily high of around 0.2868 USDT.
- Low (L): The daily low for PROS-USDT was approximately 0.2682 USDT.
- Close (C): At the time of analysis, Prosper is trading near its daily close of 0.2684 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.86% |
| 3D Change (%) | -4.45% |
| 7D Change (%) | 0.04% |
| 30D Change (%) | 19.24% |
| 90D Change (%) | -14.79% |
| YTD Change (%) | -66.50% |
Over the past three days, PROSUSDT has decreased by approximately -4.45%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 0.04%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PROSUSDT maintaining an upward trend of approximately 19.24%, despite intermittent fluctuations. Examining the last 90 days, PROSUSDT has witnessed substantial decline of approximately -14.79%, reflecting strong long-term confidence. Year-to-date, PROSUSDT has steadily dropped by around -66.50%, 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 0.70256.
- Momentum score is 0.19236.
PROS USDT Technical Analysis
Prosper Trading Volume:
The trading volume for Prosper (PROS) over the past 24 hours has been insignificant, with approximately 3,388,529.00 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Prosper is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for PROS-USDT is currently in the neutral zone, around 51.09385. This suggests that Prosper is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Prosper (PROS-USDT) is currently exhibiting signs of short-term bullish 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
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.
