📊 PROVE/USDT Analysis
On the 4H chart, a narrowing symmetrical triangle 🔺 is observed, indicating a consolidation phase before a powerful movement 📈📉. The price is held in the range of $1.43–$1.49 💵, while the key moving averages MA(7) and MA(25) are close to each other, signaling a balance of power between bulls 🐂 and bears 🐻.
Ichimoku shows that the price is currently above the cloud ☁️, which maintains a bullish sentiment. Support is at $1.37 🛡, resistance at $1.56 and $1.93 🚀. A breakout upward could lead to a sharp increase, while a breakdown downward would intensify selling pressure.
⚠️ An exit from the triangle is expected in the upcoming sessions — it is important to monitor the volumes and the direction of the breakout.
