$PROVE /USDT market analysis
🔹 Current Price: $1.0501 (+2.46%) ≈ Rs297.29
🔹 24h Range: High $1.0956 | Low $1.0052
🔹 Volume (24h): PROVE 12.68M | USDT 13.32M
📊 Technical Indicators (1h timeframe)
EMA (7) = 1.0482 → Slightly below current price, suggesting short-term support.
EMA (25) = 1.0365 → Bullish alignment with price trading above it.
EMA (99) = 1.0484 → Near current price, acting as a neutral pivot.
MA (5 & 10) show strong averages (large values due to volume weighting), reinforcing steady market activity.
⚖️ Interpretation
Price is currently trading above the short and mid-term EMAs → mild bullish momentum.
The resistance zone sits near $1.0956 (24h high).
Immediate support lies around $1.036 – $1.040 (EMA25 zone).
If volume sustains, a breakout above $1.10 could push PROVE higher, while a drop below $1.03 may signal short-term weakness.