PROS USDT Prosper Technical Analysis

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By Frans van Elst

Prosper logo 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 May 11, 2024, Prosper is trading at approximately 0.3858 USDT. Let’s dive into the detailed price action for PROS-USDT:

Envision a bullish outlook for Prosper (PROSUSDT) at 3.86e-01 USDT with strong support and positive indicators revealed in technical analysis.

Metric Value
Open (O) 0.3772
High (H) 0.3869
Low (L) 0.3752
Close (C) 0.3858
Volume (C) 767,574.00
  • Open (O): The opening price for today’s trading session was approximately 0.3772 USDT.
  • High (H): Prosper reached a daily high of around 0.3869 USDT.
  • Low (L): The daily low for PROS-USDT was approximately 0.3752 USDT.
  • Close (C): At the time of analysis, Prosper is trading near its daily close of 0.3858 USDT.
Metric Value
1D Change (%) 2.28%
3D Change (%) -0.28%
7D Change (%) -0.80%
30D Change (%) -24.97%
90D Change (%) -32.09%
YTD Change (%) 14.58%

Over the past three days, PROSUSDT has fallen by approximately -0.28%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -0.80%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PROSUSDT maintaining a downward trend of approximately -24.97%, despite intermittent fluctuations. Examining the last 90 days, PROSUSDT has witnessed substantial decline of approximately -32.09%, reflecting strong long-term confidence. Year-to-date, PROSUSDT has steadily increased by around 14.58%, 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 0.55064.
  • Momentum score is -0.06721.

PROS USDT Technical Analysis

Prosper Trading Volume:

The trading volume for Prosper (PROS) over the past 24 hours has been insignificant, with approximately 767,574.00 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 44.84153. 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.

Envision a bullish outlook for Prosper (PROSUSDT) at 3.86e-01 USDT with strong support and positive indicators revealed in technical analysis.

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.

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