My last analysis of the currency was two days ago.
PEOPLEUSDT
permanent
0.06106
+1.09%
To analyze the likelihood of PEOPLE/USDT rising to $0.14, one should study the current technical and dynamic factors, as well as follow the market momentum. Let's evaluate the situation:
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### 1. Technical Analysis:
#### Important resistors:
- First resistance: at $0.069 (current level is close to it), this is a crucial level that must be surpassed.
- Second resistance: at $0.09 – If this resistance is broken with strong momentum, there could be a chance to reach $0.14.
- Final resistance before $0.14: At $0.12 – the coin needs very big momentum to break through it.
#### Basic support:
- Current support is at $0.0585. If the price breaks it, reaching higher levels like $0.14 will be very weak.
#### RSI (Relative Strength Index):
- Currently, the RSI is in the 50 area, which means the market is balanced between sellers and buyers.
- To reach $0.14, the RSI must cross 70 (overbought zone), indicating strong momentum.
#### Trading Volumes:
- If trading volumes increase significantly when rising above the $0.09 resistance level, the probability of rising to $0.14 will be high.
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### 2. External market factors:
- General market boom: If the cryptocurrency market is bullish, the general momentum may push the coin to higher levels.
- Currency related news or partnerships: Any positive news or technical updates can be a strong catalyst.
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### 3. Possibilities to reach $0.14:
#### Positive scenario:
- If the currency breaks the resistance levels of $0.069 and **$0.09** with strong momentum, reaching $0.14 is possible, but this requires:
- Significant increase in trading volumes.
- Support from the general cryptocurrency market.
- Maintaining the upward trend without breaking the support levels.
#### Negative scenario:
- If the price fails to break the current resistance at $0.069, or breaks the major support at $0.0585, the probability of reaching $0.14 will become very weak.
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### Probability Estimation:
- In the current situation, and with the absence of strong momentum:
- Probability of rising to $0.14 in the short term (1-2 weeks): 20%-30%.
- Probability of rising to $0.14 in the medium term (1-3 months): 50% (if there is momentum and positive news).
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### Conclusion and recommendation:
- Currently, the coin is facing strong resistances, and it needs very strong momentum to reach $0.14. Watch the resistance levels at $0.069 and **$0.09** closely.
- If you are looking for a buying opportunity, wait for confirmation of the break above $0.09 with high trading volumes.
> Reminder: Cryptocurrencies are very volatile, and risk management strategies should always be used.$PEOPLE