#SuccinctLabs and $PROVE @Succinct

The short-term market outlook for $PROVE/USDT shows sellers dominating, as the token trades at 1.0694 USDT, sitting close to its daily low. Technical indicators remain weak, with price action below all major moving averages. The MA(25) at 1.1225 and the MA(99) at 1.2680 remain strong barriers for any bullish attempt. Even the MA(7) at 1.0972 is capping short-term upward moves, reflecting persistent selling activity.

The order book shows 52.62% buy vs. 47.38% sell, indicating buyers are still active at lower levels. However, this has not been enough to trigger a reversal. The most crucial support sits at 1.05, and defending this level will determine whether the market can stabilize. If this level holds, buyers could push the price back toward 1.12, which is the first resistance, followed by 1.19. A breakdown below 1.05, however, could trigger further downside momentum.

Recommendation: Focus on support strength before taking long positions.

Next step: Observe volume spikes for signs of reversal

☞ Never trade based on hype alone. Always verify the information yourself. Informed decisions come from solid research—protect your capital.