$PROVE Testing the $1.00 Barrier
PROVE is trading at $0.9967, down -2.60% on the day, after failing to sustain above the $1.00 mark. Price action is consolidating in a tight range, with buyers attempting to defend support while sellers cap moves near resistance.
Key Levels to Watch
• Resistance: $1.0100 – A breakout above this level could open the way toward $1.0250 and $1.0300.
• Support: $0.9950 – Losing this zone may extend downside pressure toward $0.9900 and $0.9845.
Trade Setup – Possible Scenarios
Bullish Entry
• Entry on breakout above $1.0100.
• TP1: $1.0250
• TP2: $1.0300
Bearish Entry
• Entry on breakdown below $0.9950.
• TP1: $0.9900
• TP2: $0.9845
PROVE is at a make-or-break point. A decisive move above $1.01 could trigger bullish continuation, while failure to defend $0.9950 may invite deeper selling. Traders should closely monitor this narrow range for confirmation before entering.
