Here's a summary of the analysis regarding the three cryptocurrencies: PEOPLE, EDU, and PEPE, along with some key points to consider:
1.PEOPLE Coin:
- Expected Correction: PEOPLE is predicted to experience a significant correction at the beginning of this week, especially from the 0.08900 to 0.09200 area.
-RSI Indicator: The RSI (Relative Strength Index) is in the oversold territory, indicating potential for a sharp decline.
-Price Target: The anticipated drop might bring the price down to the 0.07200 areas.
-Market Dynamics: Such a correction could result in a decline of 20% to 30%.
2.EDU Coin:
-Short Position Caution: It's advised to avoid opening short positions until next week due to the high volatility and potential risks.
- Price Target: EDU is targeting the 1.2100 area, currently being above 1.0700.
-RSI Indicator: The RSI indicator shows a positive outlook, suggesting a continued rise.
-Market Sentiment: The EDU coin is expected to rise strongly in contrast to PEOPLE, which might struggle to increase in the near term.
3.PEPE Coin:
-Pump Continuation: PEPE's price pump is ongoing, with target areas around 0.00001700.
-Short-term Target: The closest targets are between 0.00001600 and 0.00001650.
-Market Influence: Any decline might be attributed to recent market fluctuations, such as the ETF ETH event.
-Negative Indicators: PEPE has some negatives like a bearish RSI and fluctuating support areas, indicating potential volatility.
4. General Market Conditions:
- The broader market saw significant movement last night, affecting alternative currencies.
- It's essential to perform your own research (DYOR) before making any investment decisions.
Disclaimer: This analysis is not financial advice. Always conduct your own research before making investment decisions.
Support and Appreciation
- Thank you for reading this analysis.
- Tips and support are welcome to help provide better content in the future.
