$PEOPLE TRAP

Analyzing the chart for $PEOPLE:

1. Current Price and Recent Trend: The current price is $0.08558, showing an increase of 11.53%. The chart shows a recent bullish trend with a significant spike.

2. Moving Averages:

- MA(7): $0.04519

- MA(50): $0.02359

- MA(100): $0.02323

The current price is above all these moving averages, indicating strong upward momentum.

3. Support and Resistance Levels:

- Support: Around $0.050-0.065 (near the blue highlighted area).

- Resistance: The recent peak at $0.09766.

4. Potential Trap: The sharp rise could indicate a potential bull trap, where prices rise quickly but may fall just as rapidly.

Overall, while the trend looks bullish, caution is advised due to the possibility of a reversal. The support level will be consider ~0.055. Beware.