In a significant development for the cryptocurrency market, PROM has experienced a remarkable surge of 75% in its value following an investment from Andrei Grachev, the head of DWFLab. With 500,000 USDT, Grachev bought 49,965 $PROM tokens at $10 a piece. He purchased these tokens a couple of hours ago.
PROM Receives Very Bullish Sentiment Score Amidst Recent Surge
Andrei Grachev tweeted that he invested in a cryptocurrency project. This was his first non-DWFLab commercial venture. He stated that he had invested in $PROM and would hold onto the tokens for a year. He supported the initiative heavily. Grachev, however, advised investors to perform their own research and not view his investment as an endorsement.
For the past five days, $PROM has received a Very Bullish Sentiment Score based on volume and price change. This grade summarizes PROM’s recent movement for investors. Both short-term traders who want to ride a rally and long-term investors who want to profit from market declines can use it.
$PROM Inches Close to Five-Day High Amid Resistance at $7.56
Only 1.28% separates $PROM from its five-day high of $7.64. It rose 15.47% from $6.53, its five-day low. The price of $PROM is near a resistance point. Around $7.28 is support and $7.56 is resistance. This might put $PROM under selling pressure soon.
Importantly, $PROM has been trading low recently. This decline in trading volume may make $PROM less tempting to buyers who base their decisions on robust trading activity.
DWF Lab’s Andrei Grachev’s massive investment has sent $PROM skyward, increasing its worth. Buyers of $PROM should be cautious and do their homework before investing. Because there’s little information on cryptocurrencies, it’s vital to research and consider the hazards. Lastly, Grachev’s investment benefits $PROM and the cryptocurrency industry. In the ever-changing world of digital assets, purchasers must stay aware and educated to make good judgments.
