PROVE (PROVE/USDT) #PROVECOIN #altcoins

📊 Technical Analysis (15-minute Timeframe)

Current Price: $1.0357

Variation in the last 24h: -2.29%

Maximum in 24h: $1.9250

Minimum in 24h: $0.9393

Volume in the last 24h:

PROVE: 194.53 million

USDT: 242.28 million

📉 Short-Term Trend

The chart shows a strong downward trend, with several consecutive red candles.

The current price is below the main moving averages:

MA(7) = 1.0474

MA(25) = 1.1036

MA(99) = 1.1749

This indicates selling pressure and a possible continuation of the decline in the short term.

🔍 Technical Indicators

RSI (Relative Strength Index)

RSI(6) = 20.79

This indicates that the coin is in a condition of overselling. There may be a bounce (correction) soon, but it is still a risk zone.

Stochastic

K: 12.84, D: 14.99, J: 8.53

Also shows a condition of overselling.

📌 Quick Conclusion

PROVE/USDT is in a delicate moment, with a strong decline and many indicators pointing to overselling. However:

✅ It may be a short-term entry opportunity if you are looking for a quick reversal (scalp trade).

❌ But it is still a high-risk scenario for those seeking a safer position, as the macro trend is still downward.

⚠️ Final Tip

If you are going to enter, use a stop loss below the minimum (around $0.93).

Wait for a clearer reversal signal (for example, a strong bullish candle or moving average crossover).