Is it the end of altcoins? $PEOPLE PEOPLE at $0.038! Is Elon Musk rushing to the rescue?
PEOPLE is stuck at $0.038, playing high-altitude acrobatics, while the MACD golden cross is faked — is the big player locking positions for a big move, or is it the last carnival before retail investors take over?
1. Technical Analysis: Three sets of signals expose the main players' tricks!
1.1. The MACD golden cross is falsely inflated, a trap for the bulls. The current DIF just barely touches the DEA, and the MACD histogram is turning red, seemingly favoring the bulls. However, the height of the histogram is less than one-third of the previous high, a typical false golden cross! Experienced investors know that a golden cross without volume is just a bubble; the big player relies solely on wash trading to create charts, waiting for retail investors to jump in.
1.2. Trading volume surges but price remains stagnant. The actual trading volume is 6.2 billion PEOPLE, with an estimated volume of 7.5 billion. Compared to the 5-day/10-day average trading volume, it seems lively, but the price is stuck at $0.038, remaining lifeless. What does this indicate? The main player is transferring funds from one hand to the other, creating false prosperity, while the actual chips are not changing hands at all; retail investors following the trend will immediately get buried!
1.3. Moving averages are disconnected, and a price crash is inevitable. The current price is $0.036, but the MA5 and MA10 are still lying low; the gap between the price and the moving averages is even more ridiculous than the relationship between Elon Musk and Dogecoin!
2. News Aspect - Three knives hanging overhead!
2.1. Whales are clearly dumping: On-chain evidence shows that a certain address transferred 3 billion PEOPLE to exchanges, a volume sufficient to cause an instant 8% drop in price;
2.2. The ecosystem's promise is shattered: Mainnet partners are silent, with the community angrily calling out air projects, and funds are fleeing to popular meme coins like PEPE and WIF;
2.3. The market is dragging behind: BTC is stuck at $103,000, barely alive, and altcoins are collectively crashing, making it hard for PEOPLE to escape the curse of following the decline.
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