#succinctilabs #succinct $PROVE @Succinct @Succinct
The orange cat had previously pointed out the trading opportunity for $prove, and didn’t expect the market to come so quickly.
Indeed, it's a fast bull
Seize the opportunity
$PROVE (Succinct) has risen strongly today, briefly breaking through $1.70 during the session, currently reported at $1.67, 24h increase of +21.59%, market cap of $326 million, trading volume of $636 million, with both volume and price rising. From yesterday's low of $1.3761, the maximum increase in just 24 hours exceeded 23%, showing strong characteristics.
Listing on Binance brought a huge amount of liquidity to the project
The popular narrative of ZK + modular infrastructure attracts concentrated inflow of risk-averse funds. The initial circulation is light, and the high leverage of contracts, combined with this, has led to a two-way resonance between spot and contracts pushing up prices.
Short-term focus:
Support range: $1.60–$1.62
Resistance range: $1.75–$1.80, breaking through is expected to challenge $2
Risk warning:
The initial airdrop and unlocking pressure are still present, which may cause the chips to become loose.
Overheating of contract funding rates can easily trigger short-term long squeezes
If the market continues to weaken, the sustainability of the counter-trend will significantly decrease
The strong will remain strong, but one must also guard against pullback risks.
Pay attention to the orange cat, help you find the next hundred-fold opportunity!
