TECHNICAL ANALYSIS PROVE🔥
The PROVE token has recently surpassed the key resistance at $1.23, representing a positive technical signal in a bullish trend context. Currently, with a price around $1.47-$1.48, the token shows strong interest supported by the activation of the Succinct Prover Network and a significant increase in trading volumes, which have exceeded hundreds of millions of dollars in just a few hours.
Technical Analysis
Solid support: around $1.15, an important level to place a prudent stop loss and limit losses in case of a negative reversal.
Overcome resistance: $1.23, from which the current upward push began.
Price targets: take profit can be set between $1.60 and $1.69 in the short term, with the possibility of upward extensions up to $1.85 and beyond if momentum is confirmed.
Recommended trading strategy:
Entry: around the current price of $1.47-$1.48, following the breakout.
Take profit: first in the area of $1.60-$1.69, second in the area of $1.85$ in case of continuation of the upward push.
Stop loss: around $1.15, below the key support.
Technical analysis suggests a consolidation phase above the key support, with favorable momentum signals and potential growth driven by the increasing adoption of the Succinct network and its zero-knowledge proof (ZK) based ecosystem.
ALWAYS operate with low leverage and always set a stop loss.
