The price $PROVE rose by 14.68%. Technical analysis shows that the Relative Strength Index (RSI) is in the range of 42-49 - this is not an overbought zone, meaning there is buyer interest, but it is not excessive. The 7-day moving averages (SMA and EMA) at 1.08 are below the current price of 1.16, indicating a recent upward trend.
Secondly, important news that could have influenced the price increase:
On August 5, 2025, the mainnet launch took place. This is a significant event that typically boosts investor confidence.
PROVE has been added to several major exchanges such as Binance, Coinbase, and Upbit. Listing on popular platforms improves the token's accessibility and increases liquidity, which contributes to price growth.
An airdrop took place on Binance, which may have initially caused short-term selling, but then the price recovered.
The project's fundamentals are strong: TVL (Total Value Locked) exceeds 4 billion dollars, and partnerships with companies like Polygon and Celestia add weight to the project.
On August 11, a new all-time high (ATH) was recorded at $1.72, driven by market momentum and exchange support.
The fear and greed index is at a neutral level, meaning the overall market is not exerting strong pressure in either direction.
Today is August 28, 2025, and the user is interested in changes over the last 24 hours. The latest news in the provided data is dated August 22, so there are no exact events for August 27-28. However, the influence of key factors, such as the mainnet launch and listings, is likely still ongoing. It is also worth noting that since August 22, a new VIP lending service using PROVE has been discussed on Binance, which may have increased demand.
The trading volume over the last 24 hours amounted to 249 million dollars - this is an increase of 510%, indicating high interest from traders.
Moreover, the Altcoin Season Index has risen by 23% in the last 30 days, which may indicate an influx of funds into altcoins, including PROVE. The token is used in an evolving ecosystem with real applications, such as zk-proofs for blockchains and artificial intelligence, attracting investors.#prove #SuccinctLabs @Succinct
