Analysis of the trends of the three major currencies PEPE, NOT and PEOPLE

1️⃣ From the trend of PEPE, we can see that it rose rapidly in a short period of time and then fell rapidly. Let's examine a few key points: The importance of resistance levels cannot be ignored, especially the key resistance area of ​​0.00001325, which PEPE failed to successfully break through. A month ago, I also mentioned the area of ​​0.00001291. At present, PEPE is at the critical point of rebound or decline, so the possible price of its simple rebound or decline is 0.00001166, until the 0.00001090 area. At the same time, from the 1-day RSI indicator, the market is in a bearish trend, with a value of 47.66, which is very close to the negative area of ​​46.27. This indicates that the price may rise sharply or plummet, but since the 4-hour line is about to close, we expect a rebound. On the 4-hour chart, the 45.24 area has been broken and is now in the 44.24 area. It is very likely to test the rise again, followed by an increase or decrease.

2️⃣ Observing the trend of NOT, similar to PEPE, the market is overall bearish. However, the possibility of its rise is still unclear. We expect it to rebound in the 0.01440 area and is expected to continue to rise to the 0.01492 area, with the goal of breaking through the 0.01600 area. But if there is a decline, the key support levels are 0.01440 and 0.01378. If it falls below the latter, the next consolidation area will be from 0.01370 to 0.01241, then to 0.01241 to 0.01119, until the 0.01060 area. These are all important price areas. The current negative indicators show that the market needs a week and a good close to reverse the situation.

3️⃣ Looking at PEOPLE again, although its price remains above the 0.09000 area, this is a positive sign for the currency. However, once the price falls below the 0.08700 area, both the daily and weekly closes will have a negative impact on the currency. Therefore, be alert to the appearance of any red candlestick chart and close the position in time to avoid losses, unless a reversal pattern such as an "inverted hammer" or "hammer" appears. At the same time, PEOPLE also has support in the 0.08300 and 0.08000 areas. Once these areas are broken, the price may further drop to the 0.07300 area.

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