The cryptocurrency pair PEOPLE/USDT has witnessed a significant bullish trend, surging by 41.98% in the past 24 hours. The current trading price stands at $0.03487 (₹2.97), marking it as a top gainer and a trending meme coin. The price action chart displays a strong upward movement, with the 24-hour high reaching $0.03846 and a low of $0.02336. A steep increase in volume supports the rally, with 6.56 billion PEOPLE and 218.01 million USDT traded. The Relative Strength Index (RSI) is at an extremely high level of 96.7, indicating the asset is currently overbought. Technical indicators suggest heightened volatility and strong buying momentum. If sustained, this momentum could push the price further up, though a correction might also be on the horizon due to the overbought conditions. Traders should remain cautious and monitor the market closely for potential reversals or consolidation.
