$PROVE PROVE/USDT has entered a consolidation phase near 1.06 USDT, after losing over 4% in the last 24h. The pair has shown consistent weakness, forming a bearish structure on the 4H chart. Sellers are keeping control as the price stays under major moving averages, with the MA(25) at 1.1225 and the MA(99) at 1.2680 both positioned above the current trading level. This setup reflects strong overhead resistance and limited upside momentum.
In the last 24 hours, $PROVE touched 1.0646 support, which held temporarily. If buyers can defend this zone, the market may witness a relief bounce toward 1.12–1.13, where strong resistance lies. However, losing this level could accelerate the decline, exposing the price to a deeper correction. Volume activity at 5.09M PROVE shows interest is steady, but bulls need stronger momentum to reverse the downtrend. Traders should remain cautious as long as the market fails to reclaim 1.12.
Recommendation: Track 1.05–1.06 support for confirmation.
Next step: Wait for a confirmed bounce or breakdown before positioning.
