Price Analysis of PROVE: Its Launch and Selling Pressure—Where Does It Stand Now?
August 5, 2025: PROVE launched via Binance HODLer Airdrop, trading opened around $0.65 - $0.70, and a sharp increase exceeded $1.50 at its first peak.
After the rise, the price fell by more than 40% over hours to around $0.80 - $1.00, due to selling from some beneficiaries of the distribution.
A support level formed around $1.14 – $1.21, indicating an initial stability zone.
**Current Technical Levels:**
Strong Support: ~ $1.21 (Volume Weighted Average Price VWAP)
Immediate Resistance: ~ $1.24 – $1.27
Critical point at $1.18, breaking this may pull the price back towards $0.90 according to technical analysis.
***Trading Signals:
Strong rise and trading volume with listings on Upbit and Bithumb from South Korea contributed to a BTS surge exceeding 43% within 24 hours.
About 65% of the supply is locked for a year, reducing the risk of sudden mass selling.
✔️ Quick Overview:
- If $1.24 is broken with good volume — we may see a test of $1.50.
- A sustained break of $1.18 — may lead to a decline towards $0.90.