$PROS Will decline to 0.80$:

Considering the current technical indicators and recent price action, there’s a plausible chance that PROS/USDT could pull back toward the 0.80 USDT level, especially given the overbought conditions and resistance levels. Let’s assess the likelihood of this pullback:

Key Factors Supporting a Pullback to 0.80 USDT

1. Overbought Conditions:

RSI (75.5) and Stochastic RSI (83) are both in overbought territory, suggesting that the current rally may be overextended. This typically signals that buyers may soon start to take profits, leading to a pullback.

2. Resistance Levels:

The recent high around 1.1722 USDT serves as a strong resistance. If the price fails to break and sustain above this level, it could lead to a retracement. A failure at resistance often pushes the price back to a previous support level as traders take profits.

There’s additional resistance around 1.21-1.22 USDT, which might be challenging for the price to surpass without a correction.

3. Support Levels:The 0.9146 USDT level is the closest support level below the current price. If there is significant selling pressure, this level might be tested first.0.80 USDT lies below this, and it aligns with prior support regions as well as being close to the EMA(7) (0.8532). If the pullback is stronger, 0.80 could be a reasonable target, especially if buyers are cautious at higher levels.

4. Trend Analysis and Volume:

Although the moving averages (EMA) structure is still bullish, high volume during the rally may start to decrease if the buying momentum slows. Lower volume near resistance could further increase the chances of a pullback.

Probability of Declining to 0.80 USDT

Short-Term Probability: Moderately likely. If the price fails to maintain above 1.05 and experiences resistance near 1.17, it could start to move downward, with 0.9146 being the first target. If selling pressure continues, 0.80 is within reach.

Conclusion

A pullback to 0.80 USDT is possible, particularly if the price cannot sustain.