$PROVE Succinct (PROVE) Strengthens ZK Infrastructure but Faces Short-Term Price Weakness
Succinct (PROVE) is solidifying its role as a core infrastructure for zero-knowledge proofs, securing over $4 billion in TVL across 35+ protocols, including a recent Mantle integration. This strong adoption highlights its critical position in advancing scalable and privacy-preserving Web3 solutions.
Despite its ecosystem growth, PROVE’s token has dropped 3.31% in the past 24 hours, with strong bearish signals from EMA, MACD, RSI, and Bollinger Bands. Coupled with notable recent outflows, these indicators suggest short-term downside risks.
Still, the community outlook remains largely optimistic, pointing to PROVE’s innovative ZKaaS model and institutional backing as key strengths, even as caution lingers over near-term price volatility.
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