Deep Dive
1. Technical Resistance (Bearish Impact)
Overview: PROMPT’s price ($0.0503) sits below critical Fibonacci retracement levels (23.6% at $0.0808) and 200-day SMA ($0.1266). The 7-day RSI at 37.02 suggests mild oversold conditions but no clear reversal signals.
What this means: Traders likely sold near resistance zones established after August’s 175% rally (AMBCrypto). Declining volume (-9.7% in late August) and failed attempts to hold $0.32 support accelerated bearish sentiment.
What to watch: A sustained break below $0.0469 (yearly low) could trigger another leg down.
2. Altcoin Liquidity Drain (Bearish Impact)
Overview: Bitcoin’s dominance hit 59.33% (up 0.54% in 24h), reflecting capital rotation from alts to BTC. The CMC Altcoin Season Index remains at 17 (“Bitcoin Season”), signaling weak risk appetite for projects like PROMPT.
What this means: PROMPT’s 24h volume of $7.77M (+30% vs. market-wide spot volume drop of -7.2%) shows sellers outpacing buyers despite relative liquidity.
3. Post-Upgrade Profit-Taking (Mixed Impact)
Overview: Wayfinder’s August 25 Open Alpha launch drove a 115% rally, but the token has since bled 87% from its $0.40 peak. Recent updates (e.g., Biconomy gas integration) failed to reignite demand.
What this means: Early adopters likely exited positions after the initial hype, while the lack of new catalysts left PROMPT vulnerable to broader market trends.
Conclusion
PROMPT’s decline reflects a mix of technical headwinds, Bitcoin-centric market dynamics, and fading momentum post-upgrade. While the project’s AI agent infrastructure remains innovative, short-term sentiment hinges on Bitcoin’s trajectory and fresh platform adoption metrics.
Key watch: Can PROMPT hold $0.0469 support, and will Wayfinder’s planned API access (Q1 2026) attract developer activity? Monitor Bitcoin dominance and PROMPT’s RSI for reversal signals.