The $PEOPLE token has recently completed a breakout and successful retest of its descending channel on the daily chart—an important technical development indicating a potential shift in trend.
This breakout suggests that bearish momentum has weakened and bulls are beginning to take control. The retest, which held firm, confirms the strength of this breakout and adds credibility to the pattern.
With this confirmation in place, we now expect a continuation of the recovery move, with potential upside targets around $0.050 and possibly higher in the coming days. Momentum indicators are showing signs of strength, and volume is supporting the upward trajectory.
Traders and investors should keep a close eye on the price action near $0.050, which may act as a psychological resistance. A clear break above this level could open the door for a further bullish rally.
Stay tuned and watch for follow-through momentum.
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