The price of $PROVE has fallen below the demand zone of $1.10–$1.15, which previously held back the decline. The 7-day Relative Strength Index (RSI) stands at 34.45, approaching the oversold zone, while the 7-day moving average ($1.11) acts as resistance. $PROVE

:

Technical traders likely closed positions after breaking support. A return above $1.10 may stabilize the price, but if trading continues below this level, a test of psychological support at $1.00 is possible.

The decline of $PROVE is caused by a combination of factors: sales after the airdrop, capital outflow from altcoins, and technical breakouts. Despite this, the protocol with a secured TVL of $4 billion and the use of ZK-proofs has long-term potential, but short-term risks remain high.

Will PROVE be able to hold support at $1.00 amidst the growing dominance of Bitcoin and anticipated airdrop applications? #prove #SuccinctLabs @Succinct