$BTC / $PEOPLE Today, the PEOPLE/BTC pair experienced a significant decline of -11.76%, with the current price around 0.00000015 BTC. The highest price in the last 24 hours was recorded at 0.00000017 BTC, while the lowest was at 0.00000014 BTC.
Technical Analysis:
The EMA 20, 50, and 100 are all above the current price, reflecting a strong bearish trend in the short to medium term.
Trading volume is relatively stable at 9.69 million PEOPLE, but it is not enough to reverse the downtrend.
The Stochastic RSI shows values of 77.23 and 82.09, indicating conditions approaching overbought in a small timeframe — increasing the risk of further corrections.
Comparison Against BTC:
As long as BTC remains stable or bullish, pairs like PEOPLE/BTC usually tend to weaken if there are no specific positive catalysts from PEOPLE itself.
Currently, BTC is still showing relative strength in the market, thus increasing pressure on altcoin pairings like PEOPLE/BTC.
Support and Resistance:
Nearest support: 0.00000014 BTC (low of 24 hours)
Nearest resistance: 0.00000017 BTC (high of 24 hours)
Major Resistance: around 0.00000024 BTC (EMA 100), this area needs to be broken to reverse the bearish trend.
Outlook: As long as PEOPLE cannot hold above the area of 0.00000015 BTC and EMA 20, selling pressure is likely to continue. Traders are advised to be cautious in entry, waiting for confirmation of reversal or significant new volume.
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