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The cryptocurrency Succinct (PROVE) has decreased by 4.41% in the last 24 hours, despite an increase of 18.38% over the last 30 days. The main reasons are profit-taking after recent spikes, selling pressure due to airdrop, and mixed technical signals.
Sales after the airdrop — 15 million PROVE tokens unlocked under the HODLer Airdrop on Binance have triggered profit-taking.
Overall market decline — the cryptocurrency market capitalization has fallen by 1.31%, and Bitcoin's dominance has decreased to 56.98%.
Technical correction — the price has dropped below key support ($1.14), and the RSI index indicates weakening momentum. #SuccinctLabs @Succinct
