$PROVE /USDT
The PROVE token surged after the successful launch of its mainnet on August 5, reaching up to $1.50 after being listed on major exchanges like Binance and Upbit. This rally was driven by a volume increase of over 33,000% in just 24 hours, reflecting very strong institutional and community demand. The current price fluctuates between $1.42–$1.50, with an all-time high of $1.53, showing a growth of ~35% in 24 hours and exceeding +370% weekly.
🔹 Technical fundamentals and use:
PROVE is the native token of the Succinct Prover Network, designed for ZK proof payments, security via staking, and decentralized governance. The network already supports over 35 protocols, with more than 5 million proofs generated and over $4 billion in secured TVL.
Bullish Scenario:
If it manages to consolidate above $1.50, the following could happen:
🎯 Short-term target: $1.56, using the post-breakout triangular formation as a reference.
🔄 Extended target: $2.00–$2.50, driven by continuous adoption of the ZK ecosystem and valuation with staking and institutional interest.
Bearish Scenario:
If it fails to maintain the current level, it could retrace towards support at $1.30–$1.35.
📌 Current Recommendation:
Action Condition to do it Target Stop-loss
✅ Buy If it breaks and closes above $1.50 with strong volume $1.56 → extension $2.00–$2.50 $1.35
🔁 Wait If it corrects to $1.30–$1.35 and shows stable technical support $1.50–$1.56 → $2.00–$2.50 $1.25
🎯 Extended target: $2.00–$2.50, backed by strong tokenomic utility, real technical adoption, and key positioning within the zero-knowledge ecosystem.
