Cryptocurrency forecast #PEOPLE
/USDT based on the chart
Positive scenario 📈: If the upward trend continues, the price may overcome the resistance level of $0.14080 and reach $0.20000 🚀. A break above $0.20000 will open the way to new highs and strengthen the bullish sentiment in the market. Negative scenario 📉: If the price cannot stay above $0.12000 and starts to decline, a correction to the support level of $0.11000 and further to $0.07777 is possible 🔻. Breaking these levels may cause further decline and increase pressure on the market.
Recommendations:
Traders: Keep a close eye on the $0.14080 and $0.20000 levels for possible entry and exit points. 📊 Consider the current RSI level and be prepared for a possible correction or consolidation. Investors: Consider holding the asset if the price remains above $0.11000. This level can serve as good support for long-term positions. Assess the risks of a decline below $0.11000 and be prepared for potential price fluctuations.
Conclusion
The PEOPLE/USDT chart shows a strong uptrend with the possibility of reaching new heights. However, the current overbought zone on the RSI and the potential formation of a double top indicate a possible correction. It is important to closely monitor key support and resistance levels and use them to plan trading strategies.
