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๐ข#PEOPLEUSDT is forming an ascending triangle pattern. The dynamic resistance formed in the chart has not been broken so far, and after breaking it, the price can grow again to the level of $0.14000.
๐ขThe $0.04400 support level is very important and the price should continue to trade above this level.
๐ขThe resistance level of $0.07400 is still standing and the price must first cross the dynamic and static resistance to start the upward trend. $PEOPLE #TONonBinance #XRPVictory #MarketDownturn
Over the past day, the price of the first cryptocurrency showed positive dynamics ๐. It grew a little in comparison with the previous day, but still the growth is observed.
The picture on the timeframe 1 day does not change particularly. The price is still in the same "price channel" ๐ฏ Now we see a bounce from its lower boundary, which continues for the second day.
This bounce may remain only a rebound before the continuation of the decline โ ๏ธ. In order for this not to happen, the price should finally come back and consolidate above the level of ~$58,350. Now only the level at the previous low of ~$55,880 has been broken.
In the near term, we need to see what results the bulls will show. If the above mentioned by me happens, we can expect a gradual move from the lower channel boundary to the upper ๐ #MarketDownturn $ETH $BNB
๐ขBTC is now trading around 56.3k. Bitcoin is dumping after breaking down the rectangular zone. So the Possible scenarios are If the price dumps and breaks down the support zone, we may see more dumps and the price may move towards the lower support zone. Otherwise If the price bounces back from the current support zone then we can see bullish momentum in it. Another bullish sign is that RSI divergence has also formed which is a bullish sign. Stay tuned with us for further updates #MarketDownturn $BTC