1. Summary
$PROVE trades around $1.00 while the 1H structure remains bearish; a convincing uptrend requires robust volume.
• Price/levels: ~$1.00; support ~ $1.00; near resistance ~ $1.09 → $1.20.
• Catalysts: mainnet launch plus listings and notable on-chain flows—these lift narrative but also raise dump-risk.
2. Combined Analysis
1H technicals show a clear downtrend (short MAs under long MAs) and an extremely low RSI (~12) indicating oversold conditions that require confirmation via volume-backed reversal. Fundamentally, PROVE’s mainnet debut and listing activity have driven spikes in interest, yet tokenomics (1B total supply, ~195M circulating) and significant transfers to exchanges are material downside risks. Market sentiment sits between event-driven FOMO and fear of on-chain dumps; rebounds lacking volume are likely false breakouts.
3. Strategy
Entry:
Scenario A (Probe/Contrarian): take a small probe when a clear 1H reversal candle appears with a volume spike and RSI recovery (e.g., RSI >25).
Scenario B (Confirmation): wait for a 1H close above $1.09 with healthy volume, then add.
Stop-loss: place SL below $0.90.
Take-profits: TP1 ~$1.09–$1.12 (lock majority), TP2 ~$1.20–$1.37 (scale out).
Exit triggers: large inflows to exchanges, weak volume on retests, or negative news around mainnet/listings → exit quickly. Use limit/probe orders to reduce slippage.
