$PEOPLE /USDT is experiencing bullish momentum, with a significant price increase of 8.92% over the past 24 hours. Here’s a detailed breakdown of the trading data and technical setup:

Market Overview:

Current Price: $0.04640 (+8.92%)

24h High: $0.04828

24h Low: $0.04221

24h Volume: 387.91M $PEOPLE / $17.83M USDT

Technical Indicators (15m Timeframe on Binance):

Resistance Levels:

Key resistance at $0.04850

Additional levels at $0.04800 and $0.04750

Support Levels:

Immediate support at $0.04600

Stronger zones at $0.04550 and $0.04500

Trend Analysis:

The short-term trend is bullish, with consistent upward price movement supported by high trading volume.

A slight gain of 0.15% in the last hour indicates steady demand.

Trading Strategy:

Entry Zone: $0.04550–$0.04600 (ideal for retracement entries)

Target Levels: $0.04800 and $0.04850 (short-term targets)

Stop Loss: $0.04400 (to manage downside risks)

Outlook:

PEOPLE/USDT is showing strong bullish sentiment. If it can break above $0.04850, the next rally may target higher levels. Traders should monitor the $0.04600 support zone for potential consolidation or re-entry opportunities.

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