BOSS Wallet data source, ConstitutionDAO real-time price quotes, PEOPLE's latest price today is $0.04557, an increase of 3.03%, and the transaction volume is $70.512 million

Based on the analysis of the candlestick chart, the current trend is upward. Compared with 14:00, it fell sharply, breaking through the low point at 15:00, and fell slightly compared with 09:00. When the price falls and the trading volume rises, it usually means that the selling pressure in the market increases and sellers are actively selling.
This situation may be because the market's expectations for future prices have become pessimistic, or it may be affected by some negative news, leading to panic selling. Prices may continue to fall in the future because of heavy selling pressure and pessimistic market sentiment.
Investors should be wary of whether the price will break through key support levels. If the support level is breached, it may trigger a larger decline. Selling pressure increases, and prices drop. The Williams indicator shows that the current market status is neither overbought nor oversold.
Recently, trading volume has increased, with volume rising compared to the previous few hours, prices declining, and volume increasing: selling pressure is rising.
Market sentiment remains pessimistic, selling pressure is increasing. It is advisable to be cautious and wait for the trend to clarify before entering the market.

The above content is for reference only and does not constitute investment advice.