$PEOPLE #people Nº2

Let's analyze the chart in more detail with the RSI and MACD indicators to evaluate the sustainability of the uptrend.

Analysis with RSI and MACD

RSI Indicator:

RSI(6): 43.89RSI(12): 44.18RSI(24): 47.65

An RSI below 50 generally indicates that the asset is not yet in overbought territory, which is positive for a possible continuation of the uptrend. Value close to 70 or more may indicate that the asset is overbought and there could be a correction.

MACD Indicator:

MACD Line: -0.00124Signal Line: -0.00102

The MACD and its signal line are slightly below the zero line, indicating that the recent uptrend has not yet generated a significant positive crossover. However, if the MACD Line crosses above the Signal Line, it could indicate a strong buy signal.

Other Technical Factors

Volume:

Volume has increased considerably along with price, suggesting strong buying interest.

Moving Averages:

The moving averages are pointing up, which is generally a positive sign.

Conclusion

RSI: The RSI values ​​indicate that there is room for the price to continue rising without entering overbought territory. Although the MACD has not yet crossed the signal line, it is close, suggesting that a positive crossover could occur soon, providing an additional buy signal.

The increase in volume and the positive direction of the moving averages support the possibility of the uptrend continuing.

Short Term Projection

Based on these analyses, the bullish trend is likely to continue over the next few days, as long as the buying volume is maintained and there is no significant negative news. It is recommended to monitor the RSI and MACD indicators to detect any signs of change in the trend.

Recommendations:

Keep an eye on key support and resistance levels.Watch for crossovers in the MACD and changes in volume.