$PEOPLE strengthens by around +57%🚀
Another memecoin that has strengthened in recent times is $PEOPLE which has surged by +57.66% in the last 24 hours, trading at a price of 0.03407 USDT, with a trading volume reaching 4.23 billion tokens in the last 24 hours.
From a technical perspective:
* The price has just aggressively broken out from a long consolidation and surpassed an important resistance area at around 0.01823.
* RSI(6) has breached 96.5, indicating extreme overbought conditions, with a risk of a short retracement.
* MACD shows golden momentum with the histogram and the diff line increasingly distancing from the signal line.
* EMA(13) and EMA(21) have crossed above EMA(99), indicating confirmation of a short-term upward trend.
The last 1H candle indicates potential exhaustion if there is no follow-up volume, but as long as it stays above EMA99, the structure remains healthy for short-term speculators.
* Positive momentum still exists, but be wary of a short-term technical correction.
* If it can consolidate healthily above 0.028, there is still room toward the psychological level of 0.04+.
📌 Disclaimer: Not Promotion & Not Financial Advice
