Succinct ($PROVE ) has fallen by 3.42% to $1.11 over the last 24 hours, which is worse than the overall state of the cryptocurrency market (-0.33%). This decline is associated with profit-taking after recent listings on exchanges and sales triggered by airdrops.
Sales after listing – profit-taking after listings on Binance and Coinbase, as well as after receiving airdrops
Technical weakness – breaking key support in the range of $1.15–1.19
Market rotation – Bitcoin dominance rising to 57.47% (yesterday it was 58.75%)
The decline of PROVE is related to profit-taking after the listing, technical breakdowns, and overall weakness in the altcoin sector. However, the fundamental idea of the project in the field of ZK infrastructure remains strong — the project ensures the security of $4 billion TVL across more than 35 blockchains. Short-term risks are associated with airdrop unlocks and Bitcoin dominance dynamics.#prove #SuccinctLabs @Succinct