Post No. 1 in number two will be the conclusion taking into account rsi macd
Technical analysis
Chart Trends and Patterns:
Recent Trend: We observe a clear recent bullish movement with a significant increase in price. Volume: The volume has increased significantly along with the price, which is a positive indication that the bullish movement has support from buyers. Moving Averages (MA) : The short-term moving averages (MA9, MA25) seem to be pointing up, which is a bullish sign.
Support and Resistance Levels:
Support: The recent support level appears to be around 0.08835 USDT, where the price bounced before continuing its upward movement. Resistance: The immediate resistance level is near 0.11382 USDT, where the price has encountered some selling pressure.
Volatility Indicators:
The price amplitude in the last 24 hours has been 12.11%, indicating high volatility, which is common in cryptocurrencies.
Fundamental Analysis
If there is any recent news, announcement or major update related to ConstitutionDAO or the PEOPLE token, this could be driving the price. It is important to be aware of any relevant news.
Extension of the Bullish Movement
To determine if this rise can be prolonged, consider the following:
Volume Sustainability: If volume continues to support the price movement, the upside is more likely to be sustainable.New News: Continued positive news can push the price further.Indicator Analysis: Use technical indicators such as the RSI (Relative Strength Index ) to assess whether the token is in overbought territory. General Crypto Market Dynamics: The general direction of the cryptocurrency market can also play a role. An overall bullish crypto market may help keep PEOPLE rising.
Conclusion
Based on the current chart and technical factors, there appears to be a strong uptrend supported by good volume. #people
