๐ฅ โ$PROVE at a Turning Point: Will the Bulls Defend $1.27 or Is a Breakdown Imminent?โ ๐ฅ
Quick Prediction & Analysis:
Current Price: $1.2741 (โผ -2.41%)
Key Support: $1.2613 โ last intraday low.
Resistance to Watch: $1.2815 (MA25) and $1.2948 (MA99).
RSI: 49.72 โ neutral zone, market deciding next move.
Volume Spike: Notable activity after $1.26 touch, indicating buyers stepping in.
Summary:
If bulls hold above $1.27, we could see a quick push toward $1.28โ$1.29. But failure here opens the door for a retest of $1.26 or even lower.
Traderโs Tip: Watch the next 15โ30 minutes โ a strong candle above MA25 could flip momentum bullish short-term.
#MarketTurbulence #HotJulyPPI
