📍 OVERVIEW ANALYSIS OF $PEOPLE
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Name Token: $PEOPLE
1. Fundamental analysis: (picture 1)
· Circulating Supply: PEOPLE 5.07B
(100% of Max Supply)
· Market Cap: $441.59M
· 24-hour trading volume: 234,811,340 US$
· Holder : 17,769 (Binance holds 54% of total supply)
==> Potential for strong price push
2. Technical analysis: (photo 2+ 3)
· Support level: $0.08
· Resistance level 1 : 0.12
· Resistance level 2: 0.14
==> TP within price range
· RSI index: 47.2
· RSi Based MA index: 52 =>Tends to intersect.
FIBONACCI RETRACTION: APPROACHING 0.618 => LAST BLOCK OF THE UP TREND.
3. Conclusion:
· Based on technical analysis and fundamental analysis information: we see that $people has a long-term upward trend (binance gathers strongly).
· Fibo has reached level 0.618 => if this level is broken, the uptrend will be broken, so we have an SL card to create this price range.
· According to data, the selling level of $People has decreased => MM, Whale are taking a break, a good signal.
4. Trading suggestions:
· Can import goods when the price drops to: $0.78-$0.82
· Stop loss at price: $0.67
5. Take profit according to the resistance zone in turn
TP 1: $0.12 (50%)
TP 2: $0.14 (30%)
City 3: Depending on the market situation and price line $BTC
