📊 Analysis PROVE/USDT (6H)

🔍 Technical analysis:

Figure: descending wedge (bullish pattern) → upward breakout not confirmed.

Price: $1.1406 (−3.05%).

Key levels:

✔️ Support: $1.0944 (SAR).

✔️ Resistance: $1.1872 – $1.2414 ( Ichimoku cloud ).

Indicators:

✔️ MA7 ≈ $1.1288 — the price is above the short-term average, but below 25MA ($1.1939).

✔️ SAR is close → weak bullish signal.

✔️ The cloud ahead is red — the trend is bearish.

📈 Scenario:

Breakthrough $1.19 with volume → growth to $1.28–$1.32.

Rejection → test $1.09 and, on weakness, retreat to $1.03.

🛠 Fundamental (Succinct):

✔️ Decentralized Prover Network & SP1 → simplified work with ZK proofs.

✔️ Makes Zero-Knowledge accessible and scalable for any project.

✔️ No complex infrastructure → accelerates the integration of ZK into blockchains and dApps.

🔥 Pros:

High demand for ZK solutions in Web3.

Positioned as a key infrastructure element.

⚠️ Disadvantages:

Competition (Starkware, zkSync, Scroll).

Dependence on the adoption of large protocols.

🚀 Conclusion:

Technically, the asset is in a consolidation phase, a breakout above $1.19 is needed. The fundamentals are strong (ZK-trending topic).