BOSS Wallet data source, ConstitutionDAO real-time price trend, PEOPLE's latest price today has reached $0.04401, an increase of 3.07%, with a trading volume of $6,910,190.

Based on the analysis of the candlestick chart, it is currently in a downward trend. Compared to 15:00, it has significantly dropped, breaking below the low of 13:00, and has decreased since 07:00. The price is declining but the trading volume is increasing, which usually indicates increased selling pressure, with sellers actively offloading.
This may be due to the market's pessimistic outlook on future prices, or negative news triggering panic selling. In this case, future prices may continue to decline as selling pressure is high and market sentiment is pessimistic. Investors should be cautious about whether prices will break through key support levels; if the support level is breached, it may lead to a larger decline.
The market is in a downward trend and oversold, with increased trading volume indicating market activity. The Williams indicator shows that the current market condition is oversold. Recently, trading volume has increased, with volume rising compared to previous hours, while prices are falling and volume is increasing: selling pressure is rising.

The rise may be a short-term rebound; investors are advised to operate cautiously and pay attention to whether the market continues to decline.

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