$PEOPLE USDT

UPDATE

The chart analysis presents a promising outlook for PEOPLE against USDT, showcasing potential upward movement within an ascending channel structure. Currently, the price is situated positively above several moving averages, closely following an uptrend pattern which indicates continued bullish momentum.

The short-term target is set at the 1.272 Fibonacci extension level, which aligns with the upper boundary of the trend channel. This confluence suggests a strong resistance level that could be tested soon. If hit, this target of approximately 0.10598 represents a significant potential return of around 29%. This alignment of technical indicators supports a positive short-term forecast for #PEOPLE/USDT.

Monitoring the price action around this target will be vital to ensure profit-taking aligns with market dynamics.

The horizontal support at 0.073 seems quite strong. The price has been ranging there for a while now but hasn't broken down.

DYOR

NOT FINANCIAL ADVICE