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【Succinct ($PROVE) 24-hour Review and Analysis | Data, Unlocking, Key Support Levels】
Core Data Overview
Price Performance: +45.94% (24-hour Increase)
Price Range: $1.007432 - $1.531952
Trading Volume: ~$800M (6 times the average of the past 7 days)
Time: August 10, 2025, 7:11 UTC
1️⃣ Price Trend Analysis
The 24-hour low of $1.007432 was reached near the opening price
The 24-hour high of $1.531952 was reached after a near-vertical rise
Current Price ~ $1.53 fluctuating at a high level
Intraday volatility of 52% from low to high
The PROVE token experienced a dramatic price movement: starting from an opening price near $1.04, it first dipped to an intraday low of $1.007432, followed by a nearly vertical rise, reaching a high of $1.531952.
2️⃣ Trading Volume Depth Analysis
Spot market trading volume ~ $800M dominates, with a 2.5 times FDV turnover rate
TOP 3 CEX trading volume > 60%, concentrated in Binance, Coinbase, Gate
Coinbase liquidity trading volume improved to 0.9%, with slippage decreasing from 1.7% to 0.9%
The trading volume diagnosis shows that the spot market reached about $800 million, representing a 2.5 times fully diluted circulating value turnover, indicating aggressive spot accumulation rather than purely leveraged trading. During the upward trend, Coinbase's slippage decreased from 1.7% to 0.9%, confirming the price surge driven by real demand rather than weak liquidity.
3️⃣ On-chain Data Analysis
All major DEX platforms showed net buying pressure, with Uniswap V3 dominating, accounting for 85% of trading volume.
4️⃣ Technical Analysis
Technical Status: Daily RSI is in the overbought zone (>70), with most short to medium-term moving averages showing "buy" signals. The $1.25-1.30 area (previous breakout platform) now serves as the primary demand zone.
The buy orders after the launch of PROVE were driven by a clear narrative (the first decentralized ZK prover market), continuous airdrop/staking cycles, and broad CEX support. Momentum traders pushed the token from $1.00 to $1.53, leaving a clear support range at $1.25-1.30.
5️⃣ Key Observations:
As long as trading volume remains above approximately $300 million and the daily closing price holds above the pivot point ($1.35), bulls maintain control;
If unable to hold S1 support ($1.17), it may trigger profit-taking, pulling back to around $0.95 near the pre-launch base;
A clean breakout above $1.53 will open up upward space towards the $1.70 R1 range;
Tag @Succinct , use hashtag #Succinct #Succinctabs and $PROVE
Core Data Overview
Price Performance: +45.94% (24-hour Increase)
Price Range: $1.007432 - $1.531952
Trading Volume: ~$800M (6 times the average of the past 7 days)
Time: August 10, 2025, 7:11 UTC
1️⃣ Price Trend Analysis
The 24-hour low of $1.007432 was reached near the opening price
The 24-hour high of $1.531952 was reached after a near-vertical rise
Current Price ~ $1.53 fluctuating at a high level
Intraday volatility of 52% from low to high
The PROVE token experienced a dramatic price movement: starting from an opening price near $1.04, it first dipped to an intraday low of $1.007432, followed by a nearly vertical rise, reaching a high of $1.531952.
2️⃣ Trading Volume Depth Analysis
Spot market trading volume ~ $800M dominates, with a 2.5 times FDV turnover rate
TOP 3 CEX trading volume > 60%, concentrated in Binance, Coinbase, Gate
Coinbase liquidity trading volume improved to 0.9%, with slippage decreasing from 1.7% to 0.9%
The trading volume diagnosis shows that the spot market reached about $800 million, representing a 2.5 times fully diluted circulating value turnover, indicating aggressive spot accumulation rather than purely leveraged trading. During the upward trend, Coinbase's slippage decreased from 1.7% to 0.9%, confirming the price surge driven by real demand rather than weak liquidity.
3️⃣ On-chain Data Analysis
All major DEX platforms showed net buying pressure, with Uniswap V3 dominating, accounting for 85% of trading volume.
4️⃣ Technical Analysis
Technical Status: Daily RSI is in the overbought zone (>70), with most short to medium-term moving averages showing "buy" signals. The $1.25-1.30 area (previous breakout platform) now serves as the primary demand zone.
The buy orders after the launch of PROVE were driven by a clear narrative (the first decentralized ZK prover market), continuous airdrop/staking cycles, and broad CEX support. Momentum traders pushed the token from $1.00 to $1.53, leaving a clear support range at $1.25-1.30.
5️⃣ Key Observations:
As long as trading volume remains above approximately $300 million and the daily closing price holds above the pivot point ($1.35), bulls maintain control;
If unable to hold S1 support ($1.17), it may trigger profit-taking, pulling back to around $0.95 near the pre-launch base;
A clean breakout above $1.53 will open up upward space towards the $1.70 R1 range;
Tag @Succinct , use hashtag #Succinct #Succinctabs and $PROVE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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