Home/News Feed/PROM crypto surges 326% in 30 days but faces potential price correction due to negative funding rates.

PROM

Rp101,815

+Rp69 +0.07%

PROM crypto surges 326% in 30 days but faces potential price correction due to negative funding rates.

Market News

30 Aug 2026

AMBCrypto

View Source

Neutral

PROM crypto surges 326% in 30 days but faces potential price correction due to negative funding rates.

PROM, a leading crypto asset, has surged 326% over the past 30 days, driven by strong market momentum and significant capital inflows totaling millions of dollars in both Spot and perpetual markets. Despite this bullish trend, a negative funding rate has emerged, indicating that short positions are gaining dominance and investors expect a price drop. Historically, such negative funding rates have preceded price corrections before the asset resumed its rally. If the negative funding persists, PROM could face a notable price decline in the near term.

More News (PROM)

PROM jumps 14% with strong volume but spot selling and liquidation gaps raise caution.

PROM surged 14%, continuing a 228% gain over 90 days, supported by $6.6M inflows and a 177% rise in perpetual market volume. Despite bullish momentum, spot market selling and a narrow gap between liquidated long and short positions suggest potential ...

Technical Signals

Neutral

1 day ago

PROM crypto surges 326% in 30 days but faces potential price correction due to negative funding rates.

More News (PROM)

PROM jumps 14% with strong volume but spot selling and liquidation gaps raise caution.

Invest & Trade with#1 Award-Winning Investment Super App

Invest & Trade with
#1 Award-Winning Investment Super App