$PEOPLE USDT
UPDATE
#PEOPLE/USDT is now showing MAJOR strength above, additional movement to $0.208495 can be in the cards!.
PEOPLE is getting ready for massive breakout from multiple resistance zones, remains as strong support for bulls in HTFs, volume rising as good momentum.
#PEOPLE with a 24% movement in market cap in 24 hours, which is presently at $686,000,000.
Fibonacci extension level, which aligns with the upper boundary of the trend channel. This confluence suggests a strong resistance level that could be tested soon.
PEOPLE going quite strong in a bullish structure. It took a break by hitting an important fibo region and is now heading towards 1,618.
This alignment of technical indicators supports a positive forecast for PEOPLE/USDT.
Monitoring the price action around this target will be vital to ensure profit-taking aligns with market dynamics.
Further next targets 0.157 - 0.356 Fibonacci 1,618 could aim towards the upper trend line of the ascending channel.
Place a stop-loss slightly below the strong support level 0.073 to minimize risk if the support fails.
RSI indicator is back over 85 on weekly timeframe chart.
Entering a long trade at the current price levels near key support, with proper stop-loss and defined targets, could provide a safe and structured way to attempt capitalizing on the next upward.
DYOR
NOT FINANCIAL ADVICE