@Succinct #SuccinctLabs $PROVE
📊 Analysis PROVE/USDT (8H)
🔻 Technical picture:
Figure: a narrowing triangle is forming (symmetrical) → a signal of consolidation before strong movement.
Current price: $1.1317 (+3.94%).
Resistances:
✔ $1.1570 (Ichimoku)
✔ $1.2291 (MA25)
✔ $1.3013 (key resistance).
Support: $1.09 (lower boundary of the triangle).
Indicators:
✔ Price around MA7 → attempt to establish.
⚠ MA25 and MA99 above → still a bearish background.
✔ SAR above the price, but close → possible reversal on breakout upwards.
📈 Scenario:
Breakout at $1.23 → rise to $1.30–$1.52 (MA99).
Loss of $1.09 → drop to $1.00.
🔍 Fundamentals
Succinct (PROVE) — solution for Zero-Knowledge proofs (ZK):
✔ Developer: Succinct Labs.
✔ Decentralized Prover network + SP1 → simplifies the implementation of ZK without complex infrastructure.
✔ Used for scaling blockchains, privacy, and interoperability between networks.
✔ The potential is enormous → ZK technologies are key for the future of Web3 (L2, rollups, cross-chain).
🚀 Strengths:
ZK infrastructure focusing on simplicity and performance.
Strong trend in ZK in the industry (Polygon, zkSync, StarkNet).
⚠ Risks:
Competition with major players in ZK.
Dependence on project adoption.
🔥 Summary:
Technically: consolidation before a powerful impulse → watch for a breakout of the triangle.
Fundamentals: project in a hot segment (ZK), but early for mass adoption.
