Here’s a brief technical analysis and trade signal for the $PEOPLE
/USDT pair based on current data:
Technical Analysis:
Price Action: The price is hovering near the 0.0595 USDT level, slightly above the 24-hour low, indicating a stable short-term range. The recent price move is showing slight bullish momentum (+0.24% in the last 24 hours).
Resistance Levels: The closest resistance is at 0.06156 (24h high), followed by 0.0625 (psychological resistance).
Support Levels: Strong support appears near 0.0577 (24h low), followed by 0.0565.
Trade Signal:
Entry Zone: Look for an entry near the current price or after a minor pullback to 0.0585–0.0590.
Target Levels:
Target 1: 0.062 (near 24h high)
Target 2: 0.064 (next key resistance area)
Target 3: 0.066 (psychological resistance above current price)
Momentum:
Bullish Momentum: The price is currently in a mild uptrend, making higher highs. The key is to watch for confirmation above 0.060, a break would signal stronger momentum.
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