【#PEOPLE Price Trend Analysis】

K line shape:

The price has shown an obvious upward trend recently, especially since June 3, when it closed positive for several consecutive days.

A long lower shadow line was formed on June 5 and June 6, indicating that there is strong support below.

Technical indicators:

MACD: DIF and DEA are running above the 0 axis, and the MACD histogram has turned from negative to positive, showing the strengthening of bullish power.

RSI: RSI14 is currently at 69.2458, which is close to the overbought zone, but has not yet entered an extreme overbought state, and there is still room for growth.

EMA: EMA7 (0.1170) > EMA30 (0.1075) > EMA120 (0.0829). The short-term, medium-term and long-term moving averages are arranged in a long position, supporting the upward trend.

Volume:

The trading volume increased significantly on June 5, reaching 5402697127, indicating that market activity increased and the competition between long and short parties was fierce.

The trading volume fell back to 2072265287 on June 6, but still remained at a high level, showing the market's recognition of the current price.