$PROVE /USDT based on your data:
$PROVE /USDT Snapshot
Current Price: $1.3159 (~Rs373)
24h Range: $1.3036 (low) → $1.3967 (high)
24h Change: -5.53% → strong short-term bearish movement
24h Volume: $185.46M USDT)
Short-Term Price Action
Price has dropped sharply from the 24h high ($1.3967) to $1.3159.
Immediate Support: $1.3036 → last 24h low; strong buyer interest likely here.
Immediate Resistance: $1.340–$1.350 → sellers likely active in this range.
Momentum indicates short-term bearish bias, but oversold conditions may trigger a bounce.
Indicators
MA / EMA:
Likely short-term EMAs above current price → bearish trend confirmed.
Bollinger Bands:
Price near lower band → potential short-term oversold, possible bounce.
SAR (Parabolic):
Dots likely above price → bearish signal.
MACD:
Probably in a bearish crossover → momentum favoring sellers.
Key Levels
Support: $1.3036 → next support ~$1.290 if broken
Resistance: $1.340 → breakout target $1.350–$1.360
Trend Bias: Strongly bearish in short term, but may see minor corrective bounce from support.
Summary: PROVE/USDT is under short-term selling pressure. Traders should watch $1.3036 support closely — a break below could trigger further decline, while a bounce may offer a short-term scalp opportunity.
I can also make a mini visual chart showing support/resistance, MACD, and SAR signals for PROVE/USDT to make it easier to spot trades. Do you want me to do that?
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