At 9:00 a.m. Hong Kong time on June 28, Trump and Biden launched a highly anticipated presidential debate. Against this backdrop, the "election coin" in the cryptocurrency market, the People Token, has shown a relatively resistant nature. $PEOPLE has shown its resilience in the current market volatility, especially in this wave of decline.
From a technical analysis perspective, a key support area for intraday trading is around $0.077. This price level is not only an ideal entry point for the spot market, but also for contract trading. It is recommended to try with a small position, as this is a level that the People Token has not fallen below in the past two weeks, showing its support strength.
In addition, as a meme coin that does not stand on one side, the value of the People Token may increase with the intensity of the election. As Ethereum rises, People, as a token issued on Ethereum, may also benefit indirectly, thereby driving its value up.
