Deep Dive
1. Open Alpha Launch (25 August 2025)
Overview:
Wayfinder launched its AI-powered platform on August 23, enabling cross-chain trading, smart contract deployment, and perpetuals trading via HyperliquidEVM integration. The PROMPT token surged 75% on launch day, peaking at $0.40, fueled by demand for gas fee payments and premium features.
What this means:
The launch is bullish for PROMPT’s utility narrative but raises sustainability concerns: daily volume fell 9.7% post-surge, and the RSI hit 87, signaling overextension. Traders now eye $0.31–$0.32 as critical support. (Crypto.News)
2. Exchange Momentum & Accessibility (25 August 2025)
Overview:
PROMPT ranked as a top gainer on KuCoin (+42%) and gained Revolut access for 60M+ users on August 13, boosting retail exposure.
What this means:
Exchange listings are neutral-to-bullish for liquidity but may amplify volatility. PROMPT’s 24-hour volume hit $12.07M (October 9), though turnover remains low at 0.24x market cap, suggesting speculative trading dominates. (KuCoin)
3. Technical Correction Risks (26 August 2025)
Overview:
PROMPT retraced 16% from its August 24 high ($0.387) to test $0.32 support. The 2-hour chart shows bearish RSI divergence, while liquidation zones suggest $0.26–$0.28 as next downside targets.
What this means:
This is bearish short-term but aligns with typical post-rally cooling. The CMF holding above +0.05 indicates lingering buying pressure, though a break below $0.31 could trigger cascading sells. (AMBCrypto)
Conclusion
Wayfinder’s AI agent launch catalyzed a parabolic rally, but fading volume and extreme overbought signals hint at consolidation. Watch $0.31 support and HyperliquidEVM adoption metrics. Will user growth offset technical headwinds?