$PEOPLE

Analysis and prediction for PEOPLE/USDT coin

1.Price and Trend

- The current price is 0.07136 USDT, down 5.21%.

- The market once peaked at 0.1440 USDT, and then fell sharply.

- After the fall, the price has corrected and tends to fluctuate sideways in the short term.

2. Moving Average (MA)

- The MA(5) and MA(10) lines are close to each other and MA(5) is cutting MA(10) from bottom to top. This may be a sign of a short-term bullish trend.

- However, the trading volume is not high, indicating that there may be a lack of strong buying momentum.

3. **MACD**:

- The MACD and the Signal Line are intersecting below, and the MACD is crossing up from below the signal line. This is a positive signal for an uptrend.

- However, the MACD histogram is near zero, indicating that the market may still be indecisive.

4. **RSI (Relative Strength Index)**:

- The RSI(6) is at 80.18, indicating that the market is currently overbought.

- The RSI(12) and RSI(24) are both above 50, indicating a positive signal, but not too strong.

5. **Stochastic Indicator**:

- K, D, and J are all above 80, indicating that the market is overbought. This could make a small correction possible.

**Forecast and Conclusion**:

- **Short term (next few days):** The price may continue to decrease slightly due to the overbought status of the RSI and Stochastic indicators. There may be a correction before continuing the uptrend.

- **Mid term:** If the current support level holds, the possibility of a medium-term price increase is possible, especially when the MACD line gives a positive signal.

Comment the coin you want me to analyze