People Coin (PEOPLE) is on the rise! Price dynamics?
Recently, the daily closing price of People Coin (PEOPLE) has shown an extremely strong trend, and its upward trend is clearly visible.
The price is currently holding firmly above $0.09301 and is hovering near a key important support area.
Let’s look at the support and resistance levels: the support level is set at $0.09301, the resistance level is $0.11864, and the key resistance level is $0.14126.
Notably, People Coin found extremely strong support in the $0.07376 area, with the price registering a strong rebound from this vicinity.
However, if the price unfortunately falls below the $0.09301 area, it will be an extremely negative signal and will most likely trigger a further decline in the price.
From the short-term trend analysis, the H4 indicator shows a positive value and is significantly higher than the previous area, which fully demonstrates that the short-term upward trend of People Coin is quite significant.
If the price manages to successfully break above the $0.11864 area, then the chances of a rise to $0.14126 will increase significantly.
Regarding the trend outlook, in terms of short-term upside potential, if People Coin can successfully break through the resistance level of $0.14126, then it will have a great opportunity to challenge new heights.
This breakout certainly signals a strong rally, but one that could be followed by a quick correction.
At the same time, risk factors cannot be underestimated. Investors must be highly vigilant about the risk of the price falling below the $0.09301 support level, because this is definitely an extremely negative signal and is very likely to cause the price to fall further.
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