$PROVE /USDT – Steady Climb, Bulls in Control
Current Price: 1.1649 USDT (+14.59%)
24h Range: 1.0059 – 1.1931
24h Volume: 22.56M PROVE / 24.37M USDT
Trend Check
is in a healthy uptrend, trading firmly above its key moving averages:
MA(7): Acting as short-term support.
MA(25): Mid-term trend showing higher lows.
MA(99): Far below current price, confirming long-term bullish momentum.
The alignment of MA(7) > MA(25) > MA(99) indicates a strong continuation bias.
Key Levels
Resistance: 1.1900 (immediate test), then 1.2500.
Support: 1.1200 (near-term), then 1.0000 (psychological floor).
Trade Outlook
✅ Bullish Case: A clean break above 1.1900 with volume could extend the rally toward 1.2500–1.3000.
❌ Bearish Case: Failure to hold 1.1200 may trigger a pullback to 1.0000 before bulls reload.
Trading Plan (Short-Term Bias):
Entry Zone (Long): 1.1200–1.1500 on dips.
Targets:
TP1: 1.1900 (scalp)
TP2: 1.2500
TP3: 1.3000 if momentum continues
Stop Loss: Below 1.0000 to protect capital.
Market Insight
Volume confirms strong buyer interest, with PROVE steadily attracting attention. The structure looks bullish, but watch the 1.1900 level — it’s the gatekeeper for the next leg up.
Bias: Bullish above 1.1200, Neutral below 1.0000.