$PEOPLE /USDT – DOWNWARD PRESSURE STILL ACTIVE
Another drop hits PEOPLE, now trading at $0.03034 with nearly -14% loss in the last 24h. After peaking at $0.03754, price sharply reversed and broke below short-term support at $0.03200, confirming bearish momentum.
Current Market Overview: • 24h High: $0.03934
• 24h
$PEOPLE /USDT – BEARISH MOMENTUM PERSISTS
PEOPLE has experienced another decline, currently trading at $0.03034, down nearly 14% over the past 24 hours. After reaching a local high of $0.03754, the price reversed sharply and broke below the key support level at $0.03200, reinforcing the bearish trend.
Market Snapshot:
• 24h High: $0.03934
• 24h Low: $0.02900
• Current Price: $0.03034
• Trend: Bearish
• Volume: High selling pressure
Analysis:
Following a sharp drop, the price is now consolidating within a narrow range—an indication that sellers remain in control. If the price fails to reclaim the $0.03150 level, further downside toward the $0.02850–$0.02700 area is likely.
Trading Note:
Avoid entering bounce trades prematurely unless a strong recovery signal emerges. The possibility of a fakeout or bear trap exists, but until confirmation appears, caution is advised. Short-term scalp opportunities may be more appropriate.
Market Sentiment:
The overall sentiment remains weak. A meaningful reversal would require either strong support to hold or a noticeable uptick in volume.
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