PROVE Analysis – No Fluff
1. Technical Picture
- Trend: Upward (EMA 50 > EMA 200, RSI ~60 – no overheating).
- Key Levels:
- **Support:** $1.10 (former resistance, liquidity accumulation zone).
- **Resistance:** $1.25 (local high) → breakout = path to $1.50.
- **Stop-loss:** **$1.03** (below weekly low – exit signal).
**2. Fundamental Drivers**
- Listings on Binance and Coinbase (liquidity growth).
- Integration with ZK infrastructure (demand for privacy).
- Staking (6.8 million PROVE locked – fewer sellers).
Risks:
- 50 million unclaimed tokens from airdrop – dump threat.
- Dependence on Ethereum (if ETH < $4k – correction).
- Competition with other ZK projects (Scroll, zkSync).
Strategy for Traders
- Scenario 1 (optimistic):
- Buy **on rebound from $1.10 → target $1.25 → $1.50.
- Stop: $1.03 (below – trend broken).
- **Scenario 2 (cautious):**
- Waiting for consolidation above $1.25 → entry with confirmation.
$1.50 ────────────────🔴 Profit taking
$1.25 ──────🟢 Breakout = buy signal
$1.16 ──────🎯 Current price
$1.10 ──────🟢 Buy zone
$1.03 ──────🔴 Stop-loss
`Stick to the plan – don't give in to emotions.
