📊 Current Technical Situation (1.1534$):
The price has breached the upper Bollinger → Short bullish momentum.
RSI is high (79.46 on the short frame) → Overbought ⚠️ Possible correction.
The price is still below EMA99 (1.1789$) → The larger trend is still bearish.
🐋 Whales and Liquidity:
Whale inflows +322K$ at 21:00 → Clear accumulation supporting the recent rise.
Liquidity is still low, any strong selling movement could quickly pressure the price.
🌐 Fundamentals:
The project processes 42,200+ ZK proofs for 12 protocols in two weeks.
Support funding 55M$ + major partnerships → Long-term confidence.
However: There is an unlock after 14 days for 11M PROVE → Risk of mass selling.
🎯 Opportunities:
If it breaks 1.18$ (EMA99) → It could go to 1.25 – 1.28$.
Whale accumulation suggests that some are playing it for the medium term.
⚠️ Risks:
It could test back to 1.10 – 1.12$ (short support).
Breaking it → Opens the way to 1.00$.
📌 Summary:
Short-term: Possible pullback after strong rise (RSI inflated).
Medium-term: If it breaks 1.18$ and holds above it → Bullish reversal.
Long-term: Strong fundamentals, but the unlock risk must be monitored.#prove