$PROVE Pressure Build: Bearish Pullback or Deeper Drop?
$PROVE is under strain after peaking at 1.7419 and retreating, down -2.56% daily with lower highs forming on the 1D timeframe. Price has slipped below $1.50, suggesting bearish continuation.
Trade Setup – Short Opportunity
• Entry Zone: $1.48 – $1.50
• Stop Loss: Above $1.55
• TP1: $1.40 • TP2: $1.35
• TP3: $1.20 (extended target)
Market Insight: 24h volume at $81.47M shows fading interest, bears gaining ground despite recent ATH hype. X sentiment remains positive on surges and staking, but chart pullback and overbought exhaustion point to downside. Break below $1.40 could accelerate—track the 1H for validation.