BOSS Wallet data source, ConstitutionDAO real-time price trend, PEOPLE's latest price today is $0.06075, with an increase of 3.51%, trading volume of $54.3036 million
According to the analysis of the candlestick chart, there is currently a downward trend. Compared to 15:00, there is a slight increase; compared to 16:00, there is a slight decrease; there is a recovery compared to 13:00, and a decline compared to 10:00. When the price decreases while the trading volume increases, it often indicates that selling pressure is increasing and sellers are actively selling.
This situation may stem from the market's pessimistic expectations for future prices or be influenced by negative news, triggering panic selling. Future prices may continue to decline due to significant selling pressure and pessimistic market sentiment. Investors should pay attention to whether the price will break below key support levels; if the support level is breached, it may trigger a larger decline.
Trading volume is increasing while the price is decreasing, indicating strong market selling pressure. The Williams indicator shows that now is not a time of overbought or oversold conditions. Recently, trading volume has increased, with volume rising compared to the previous few hours; as the price declines and volume increases, selling pressure is increasing.

Although market selling pressure is high, prices are rising. It is recommended to hold positions and observe, paying attention to key support levels.
The above content is for reference only and does not constitute investment advice.