Recently, the ConstitutionDAO (PEOPLE) token saw a sudden price surge of 12.30% and a 3.96% increase in trading volume. This sudden surge comes as the token attempts to break out of the downtrend line that has been holding its price since early March. During this period, the price of the PEOPLE token has fallen by 70%.
Now, as the price recovers, bullish sentiment is high again. They are looking forward to seeing clear signs of a downtrend line breakout. If this breakout occurs, the price is likely to see a 100% increase.
It is worth noting that this is not the first time the token price has risen. Previously, there have been attempts to break out of the downtrend line, but they all failed. Two weeks ago, the token tried to break out of the line, but it failed to sustain.
Experts point out that if the PEOPLE token can reach the projected resistance level of about $0.036, it will mean a decisive breakout and successful retest. Although the current price trend is exciting, caution and analysis are essential. It is crucial to carefully observe key levels and confirm the sustainability of the breakout before making an investment decision. #现货以太坊ETF获美SEC批准 #美众议院通过FIT21法案 #MegadropLista
