$PEOPLE /USDT Price Analysis Strong Uptrend
$PEOPLE /USDT is experiencing significant momentum, trading at $0.03281 with a notable 16.10% increase in the last 24 hours. The price has surged to test new resistance levels.
Key Resistance Levels:
$0.03369: Immediate resistance; a breakout here may propel the price toward higher targets.
$0.03450: Strong secondary resistance zone for upward continuation.
Key Support Levels:
$0.03164: Closest support to monitor for pullbacks.
$0.03050: Strong fallback support in case of correction.
Trade Setup:
Bullish Scenario:
Entry: Above $0.03369
Targets: $0.03450, $0.03530
Stop Loss: $0.03164
Bearish Scenario:
Entry: Below $0.03164
Targets: $0.03050, $0.02933
Stop Loss: $0.03369
Technical Indicators:
RSI: At 93.60, indicating overbought conditions; a short-term correction is possible.
MACD: Strong positive momentum, signaling further bullish continuation.
Volume: Increasing, supporting the ongoing uptrend.
Conclusion:
PEOPLE/USDT demonstrates strong bullish momentum but is approaching overbought conditions. A breakout above $0.03369 could drive the price higher, while a pullback to $0.03164 might attract buyers. Trade cautiously and monitor volume for sustained moves.