$PEOPLE
📊 PEOPLE/USDT 24-hour market analysis | August 12, 2024
🎢 Price trend:
Current price: about 0.0555 USDT
In 24 hours, it showed a V-shaped trend of falling first and then rising, falling from the high point of 0.0624 USDT to 0.0526 USDT and then rebounding
🔍 Key price:
Support level: 0.0526-0.0530 USDT
Resistance level: 0.0575-0.0580 USDT
💡 Trading suggestions:
• Long: Breaking through 0.0560 USDT may be a rising signal, and the stop loss is set below 0.0545 USDT
• Short: Falling below 0.0540 USDT may continue to decline, and the stop loss is set above 0.0555 USDT
📊 Trading volume analysis:
From the heat map, it can be seen that the trading volume in the 0.0540-0.0560 USDT range is large, which is an important trading area
⚠️ Risk warning:
• As a social token, the price of PEOPLE is greatly affected by community activities and project progress
• It is currently in a rebound stage, but we still need to be vigilant about the risk of callback
• Pay attention to the latest announcements and community dynamics of the project
• The cryptocurrency market fluctuates violently, and it is recommended to strictly control positions and risks
💡 Market insights:
• PEOPLE's recent sharp fluctuations may be related to overall market sentiment and project-specific factors
• Short-term support seems to be formed near 0.0530 USDT, and attention should be paid to whether it can stand firm and continue to rise
• As a social token, PEOPLE's price trend may reflect the market's attitude towards Web3 social applications
Disclaimer: This analysis is for reference only and does not constitute investment advice. The cryptocurrency market is high risk, so please be cautious when investing.
