PROVE crypto drops 38% after Binance listing: Why THIS support can lead to a rally
Main Idea
PROVE crypto experienced a 38% drop after its Binance listing, but bullish indicators suggest potential recovery despite ongoing sell-off pressure.
Key Points
1. PROVE's price dropped 38% to $1.18 after its Binance listing due to heavy selling pressure.
2. Investor sentiment for PROVE declined from 79.46% to 69.23% within 24 hours, with over 10% of investors selling.
3. PROVE entered a demand zone between $1.27 and $1.01, which could signal a potential rally towards its all-time high of $1.925.
4. Despite volatility, a bullish outlook is supported by a 26,000% increase in 24-hour trading volume, reaching $1.09 billion.
5. MEXC exchange reports the highest premium and trading volume for PROVE, indicating strong market interest.
Description
PROVE defies sell-off pressure, could lead crypto market gains.
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