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$PROVE just ran straight into a wall of resistance!
Price reclaimed the horizontal resistance zone around 0.34 – 0.36 while also tapping the MA200 resistance on the higher timeframe. That’s why this area matters.
Right now the chart is sitting at a decision point 👇
• Strong impulsive breakout candle
• MACD flipped bullish with momentum expansion
• RSI pushed aggressively into strength territory
• Buyers defended the recent bottom near 0.20 perfectly
• Volume expansion confirms real participation, not a weak bounce
But the real confirmation only comes after 0.36 breaks and HOLDS.
If bulls manage to accept price above that zone, the structure opens quickly toward: 0.38 → 0.41 possible in a sharp continuation move.
On the other side, rejection from current resistance could send price back toward the 0.30 – 0.3030 region fast, since this rally was very aggressive and short-term overheated.
Current situation:
> Breakout attempt in progress, but still inside major resistance.
The next few candles around 0.36 decide whether this becomes a full trend reversal… or just another rejection from MA200.