The recent 4.3% decline in $PEOPLE 's price reflects a prevailing downtrend amidst a wider bearish sentiment in the cryptocurrency market. With the 24-hour high of 0.01587 tested against a low of 0.01473, both Bollinger Bands indicate limited upward pressure, situating the price between strong support at 0.01473 and resistance at 0.0163. While Bitcoin’s current correlation remains unclear, macroeconomic factors like rising inflation and regulatory scrutiny are likely exacerbating volatility. Given the uncertain landscape, traders may benefit from a short-term approach, capitalizing on potential bounces within this established range. A key takeaway is that traders should remain alert to macroeconomic shifts, as they could significantly influence PEOPLE’s movements in this turbulent environment.
