$PROVE /USDT — Intraday Pressure but Watching for Rebound
Price: $0.9774
Trend: Currently in a short-term downtrend, having recently fallen from its all-time high. However, it is holding above a key intraday support level, suggesting a potential consolidation or rebound may be forming.
If bounce holds)p
1️⃣ $0.9950 — Immediate resistance and the first hurdle for bulls to reclaim.
2️⃣ $1.02 — Retest of the recent local high from earlier in the session.
3️⃣ $1.045 — A breakout level that could signal a stronger move.
Support Levels
$0.9650 — The immediate intraday support and current trading floor.
$0.9450 — A deeper liquidity zone from the recent accumulation.
$PROVE is under pressure but is finding support at the current level. A reclaim of $0.9950 is crucial for any bullish momentum to return. Given its high volatility and recent launch, traders should be cautious. This is a good market for scalping if you can manage support-to-resistance flips, but the macro trend remains cautious until a clear breakout is established.
