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$PEOPLE /USDT UPDATE: BIG MOVES AHEAD? 🚨
Current Price: $0.06601 (-10.23% in 24h)
24h High: $0.07412
24h Low: $0.06180
Trading Volume: 1.49B PEOPLE / 99.88M USDT
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Market Insights
$PEOPLE has experienced significant sell pressure, dropping over 10% in the past 24 hours. Despite the downturn, trading volumes remain high, indicating sustained interest in this token.
The price is currently testing critical support levels, creating a potential setup for either a rebound or further downside.
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Key Levels to Watch
📈 Resistance Zones:
1️⃣ $0.06850 (Immediate Resistance): A move above this could signal a short-term recovery.
2️⃣ $0.07412: Reclaiming this high would strengthen the bullish narrative.
📉 Support Zones:
1️⃣ $0.06180 (24h Low): Crucial for maintaining current levels. A break below could lead to extended losses.
2️⃣ $0.05550: A psychological support level, aligning with previous accumulation zones.
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Technical Indicators
MA Levels:
MA(7): $0.06492
MA(25): $0.06617
MA(99): $0.06689
These averages suggest slight bearish momentum.
Bollinger Bands:
Price is near the lower band, indicating oversold conditions and potential for a bounce.
MACD & SAR:
Watch for a crossover or shift in SAR trends as signals for reversals.
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Potential Targets
1️⃣ First Target: $0.06850
Breaking above this level would attract short-term buyers.
2️⃣ Second Target: $0.07150
Signals medium-term recovery if achieved with strong volume.
3️⃣ Final Target: $0.07412+
Breaching this level could trigger bullish momentum.
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⚠️ Trader Tips:
For Bulls: Look for accumulation signals near $0.06180. A confirmed breakout above $0.06850 could present a strong entry point.
For Bears: Monitor resistance levels for signs of rejection, especially at $0.06850.
💬 Prepare for volatility, and set stop-losses to manage risk!
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