🔔Succinct (PROVE): Launch Story & IDO – Where Did the Price Go? And What’s Next Today?:
The token started at $0.65 with the Mainnet launch and Airdrop distribution, quickly establishing itself around $1.50, boosted by listings on major centralized exchanges.
Today, after a wave of selling and a pullback, the token is trading around $1.02 – $1.03, with a drop of about 13% to 15%.
The reasons?
Tight tokenomics with most tokens locked for extended periods
Strong backing from large investors
A technical formation suggesting that another breakout is possible if price breaches the $1.49 resistance
Next Price Direction?
Bullish scenario: If $1.49 is broken, the next target could be $1.61 or even $1.70
Bearish scenario: If support at $1.18 is lost, a drop toward $1.14 or $0.92 may follow
