$PEOPLE /USDT – Technical Analysis Report

Exchange: Binance

Current Price: $0.03119

24h Change: +39.58%

24h High/Low: $0.03170 / $0.02059

24h Volume:

$PEOPLE : 2.08B

USDT: 54.35M

Trend Overview

Momentum: Bullish surge, backed by high volume.

Short-Term Trend (15m - 1h): Consolidation after breakout.

Medium-Term Trend (4h - 1D): Uptrend continuation likely.

Technical Strength: Strong momentum breakout confirmed with a 39% daily move, currently forming a potential bullish flag or pennant.

Next Trade Setup (Short-Term Swing Trade)

Trade Type: Long (Buy)

Entry Point:

Ideal: $0.03050 - $0.03100 (buy during small dip or consolidation)

Aggressive: Current price $0.03119 acceptable due to bullish momentum

Target (5% Gain):

Target Price: $0.03275

Stop-Loss:

Stop Price: $0.02950 (below last major support and psychological level)

Risk-Reward Ratio:

Risk: $0.00169

Reward: $0.00156

R:R ≈ 1:1 (Manage with position sizing; high conviction setup due to volume and momentum)

Technical Indicators

RSI (1h/4h): Likely overbought (>70); expect short dips for re-entry

MACD: Bullish crossover confirmed on 4h and 1D

Volume: Surge supports breakout continuation

Support Levels: $0.03000 / $0.02800

Resistance Levels: $0.03170 (minor), $0.03275 (target), $0.03500 (extended target)

Strategy Notes

This is a momentum-driven setup, so timing and volume confirmation are crucial.

Ideal for short-term swing or momentum traders.

Watch for retests near $0.0305 as ideal re-entry or entry zone.

If breakout above $0.03275 happens with volume, next target becomes $0.03500+.

Buy and Trade Here on $PEOPLE