$PEOPLE Will this dark horse, which has soared recently, usher in a new wave of eruption after a period of submerged consolidation?
Current technical analysis:
1. Price trend:
The current price is around $0.089 and the price has been showing a strong upward trend recently and is up about 11.50% in the past 24 hours.
2.Technical indicators:
Bollinger Bands: The price of PEOPLE currency is at the upper limit of the Bollinger Bands, showing an overbought state and may face correction pressure in the short term.
Relative Strength Index (RSI): An RSI indicator above 70 indicates overbought and the price may correct.
Moving Averages (MACD): The MACD is showing strong bullish momentum and prices are likely to continue rising in the short term.
Price forecast for the coming week
According to technical analysis, the price prediction of PEOPLE coin in the coming week is as follows:
1. Short-term support: $0.0850, if the price pulls back to this level and rebounds, this is a good opportunity to buy. $0.0800: Stronger support, caution if price breaks below.
2. Short-term Resistance: $0.0900: This is the first resistance level in the short term that price needs to break through and hold. $0.0950: Further resistance level that, if broken, would indicate stronger upward momentum.
specific strategies
1. Buying strategy: When the price breaks through $0.0900 and the trading volume increases significantly, you can consider entering the market to buy. If the price pulls back to $0.0850 and rebounds, consider buying to take advantage of the lows.
2. Selling strategy: When the price is close to $0.0950, you can consider taking profits by selling in batches to ensure profits. If the price falls below $0.0800 and volume increases, a stop loss should be considered to avoid greater losses.
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