The $PEOPLE cryptocurrency has experienced a notable 2.004% decline over the past 24 hours, with trading confined between 0.01403 and 0.01323. The price action remains within the defined Bollinger Bands, hinting at low volatility as it approaches strong support at 0.01323. With the overall market in a downtrend and Bitcoin's influence undefined, traders should remain cautious. Macroeconomic factors like inflation data and ongoing regulatory scrutiny may further complicate price action. Given the current weak trend, a short-term trading strategy may be appropriate. The key takeaway is to monitor support levels closely, as a decisive break could lead to significant downside risk.
