Some information about the PROVE symbol$
August 2025: PROVE launched via Binance HODLer Airdrop, trading opened at around $0.65 - $0.70, and a sharp increase was achieved exceeding $1.50 at its first peak.
After the rise, the price dropped by over 40% within hours to around $0.80 - $1.00, due to selling by some beneficiaries of the distribution.
The latest support level was born around 1.14 – 1.21$ , indicating an initial stabilization area.
**Current technical levels:**
Strong support: ~1.21$ (volume weighted average price VWAP)
Immediate resistance: ~1.24 – $1.27
A critical point at $1.18, breaking it may bring the price back towards $0.90$ according to technical analysis.
***Trading signals:
The rise and strong trading volume with listings on Upbit and Bithumb from South Korea contributed to a BTS rally exceeding 43% within 24 hours.
About 65% of the supply is locked for a year, reducing the risk of sudden mass selling.
✔️ Quick overview:
- A break of $1.24$ with good volume — we may see a test of $1.50.
- A stable break of $1.18$ — may lead to a pullback towards $0.90.
