📊 PROVE/USDT Analysis (4H)
🔻 Technical Picture:
Figure: converging descending wedge (often → bullish breakout).
Current Price: $1.1336.
Resistance:
✔️ $1.21 (MA25)
✔️ $1.26 (key zone + Ichimoku cloud boundary)
Support: $1.12 (lower boundary of the wedge).
Indicators:
✅ SAR close to the price → possible reversal.
⚠️ Ichimoku cloud still bearish.
⚠️ MA7 and MA25 pressing from above → sellers are active.
📈 Scenario:
Breakout upwards $1.21 → potential to $1.26 and $1.34.
False breakout downwards $1.12 → risk zone.
🔍 Fundamentals (briefly)
PROVE — a project by Succinct Labs, focusing on:
✔️ Prover Network & SP1 → powerful infrastructure for ZK proofs.
✔️ Makes Zero Knowledge technologies simpler and more accessible.
✔️ Without complex infrastructure — speeds up the adoption of ZK in DeFi, dApps, blockchains.
🚀 Strengths:
In the trend of ZK → scalability and security.
Solving the current problem of ZK adoption for developers.
⚠️ Risks:
High competition (Scroll, zkSync, StarkNet).
Young project, depends on ecosystem adoption.
🔥 Conclusion:
Technically: watching for a breakout from the wedge (upward breakout = bullish signal).
Fundamentals: strong hype around ZK, but partnerships and integrations are needed.
