Binance Technical Analysis Update: $PEOPLE

/USDT

The PEOPLE/USDT trading pair has shown some positive momentum, reflecting steady growth in recent hours. Let’s dive into the key technical levels:

Current Price: $0.04496 (+3.26%)

The price has recently seen a surge, breaking past previous resistance levels, now showing a promising upward trend.

Support and Resistance:

Immediate Support: $0.04341 (recent 24-hour low)

Immediate Resistance: $0.04828 (24-hour high)

Key Indicators:

RSI (Relative Strength Index): Currently at 65, indicating the asset is nearing overbought territory but still showing room for upward movement.

MACD: The MACD line has crossed above the signal line, suggesting a bullish momentum in the short term.

Volume: 399.60M PEOPLE traded in the last 24 hours, signaling strong market participation.

Outlook:

A breakthrough past the $0.048 mark could open up further upside potential, with the next key resistance around $0.05.

Should the price pull back to support levels, a retest of $0.04341 could provide buying opportunities.

1-Hour Chart Movement:

The pair is showing a mild positive shift, up +0.38% in the past hour, which could indicate the beginning of an extended rally.

Stay tuned for more updates and trade wisely!