$PEOPLE Tonight target:
To estimate a target for tonight's movement of PEOPLE/USDT, we can use the key support and resistance levels along with momentum indicators visible in the chart.
Observations for Tonight:
1. Current Range:
Resistance: 0.06657 (24-hour high)
Support: 0.06015 (24-hour low)
2. Short-term Momentum:
The price is consolidating near the short-term EMA(7), indicating limited volatility in the immediate future unless a breakout occurs.
3. Volume:
The volume is declining, suggesting the market may remain range-bound unless a news catalyst or sudden market shift occurs.
Possible Scenarios:
Bullish Scenario:
If the price breaks 0.06657 with increased volume:
Target 1: 0.06850 USDT
Target 2: 0.07050 USDT
Bearish Scenario:
If the price breaks below 0.06015:
Target 1: 0.05850 USDT
Target 2: 0.05650 USDT
Neutral Scenario:
If the price stays within the range of 0.061–0.066:
You can consider scalping small movements within this range.
Recommendation:
For short-term buyers: Enter only above 0.06657 for a bullish breakout.
For short-term sellers: Short below 0.06015 for a bearish move.
Monitor closely for volume spikes, as they are critical to confirm breakout directions.