Potential Price Movements for Succinct’s PROVE Token Amid Early Volatility and Strong Accumulation Signals

Key Points

1. The PROVE token surged from $0.65 to $1.5 shortly after listing, stabilizing around $1.2, indicating strong short-term support.

2. Over 65% of PROVE’s supply is locked with a 12-month cliff, minimizing immediate unlock risks.

3. Top holders own 96% of the token, suggesting strong confidence in its long-term value.

4. Key price levels to watch are $1.18 for support and $1.70 as a bullish target based on Fibonacci retracement levels.

5. A bullish pennant formation on the 15-minute chart suggests potential for a short-term rally if the price breaks above $1.49.