$PROVE (Succinct) fluctuates around 1.18 USD, which is approximately 22% lower than the ATH of 1.53–1.56 USD established on August 6, 2025
📈 Price increase potential:
✅ Factors supporting the potential increase:
• Establishing solid support: The stable price around 1.21 USD is an important short-term support zone. If this zone is maintained, it is likely to pull up to the 1.50–1.56 USD range and even the further target of ~1.70 USD if the breakout from the “bullish pennant” technical pattern is successful.
• Large locked supply: More than 65% of the total supply is locked for 12 months, with top holders holding 96% of circulating supply, reducing the risk of a mass sell-off  .
• High liquidity: The listing price and strong trading volume (~1.4–1.5 billion USD/day) indicate strong demand ready to support the price if positive indicators occur
⚠️ Risks to consider:
• Weak market momentum: If the support level of 1.18 USD is lost, it may adjust deeper to around 1.0 USD or lower.
• Listing volatility: The price has fluctuated from ~$0.65 to $1.50 within the first few hours, reflecting high risk and volatility during the listing phase  .
• Token unlock risk: The locked tokens may gradually be unlocked according to the vesting schedule, and if a large unlock occurs, it could put pressure on the price.
• Strong competition: Other ZK platforms like RISC Zero, zkSync, zkVM... may take away market share from proving if Succinct does not accelerate adoption.
✅ If the market maintains a positive trend and the support level of 1.18 USD is protected, the potential for recovery and reaching ATH (~1.50–1.56 USD) exists. A solid breakout could bring the price to the 1.70 USD area in the short term.
Conversely, if it falls below the support zone, the price may adjust deeper.
