Current Market Status

  • Price: $0.01612 (+5.02%)

  • 24H High: $0.01626

  • 24H Low: $0.01473

  • Volume: 316.67M PEOPLE

    KEY INDICATORS

  • Moving Averages (EMA)

    • EMA(20): 0.02110 → Above the current price (Bearish)

    • EMA(50): 0.02712 → Indicates a downtrend

    • EMA(200): 0.04654 → Long-term bearish

    Analysis: The price is trading below all major EMAs, suggesting that the market is still in a downtrend.

    Stochastic RSI → 94.71 (Overbought)

    • Suggests a potential pullback as it is in the overbought zone.

    MACD Indicator

    • DIF: -0.00150

    • DEA: -0.00212

    • MACD Histogram: 0.00068

    • The MACD line is moving closer to the signal line, indicating a possible bullish crossover.

    RSI (Relative Strength Index)

    • RSI(200): 47.40 (Neutral)

    • RSI(50): 51.37 (Slightly Bullish)

    Analysis: RSI is showing slight bullish momentum, but it's not in a strong buying zone yet.

    Volume & Market Sentiment

    • Buying pressure: 65.60%

    • Selling pressure: 34.40%

    • There is strong buy support, suggesting that bulls are trying to push the price higher.

Entry & Exit Points for Spot Trading

Potential Entry Points (Buy Zones)

  • $0.01500 - $0.01520 → Ideal Buy Zone if price retraces

  • $0.01450 - $0.01470 → Strong Support Level

If the price retests these levels and shows signs of reversal (like bullish candlesticks or RSI rebound), a spot buy position can be taken.

Potential Exit Points (Sell Targets)

$0.01680 - $0.01700 → First Take Profit (TP1)

$0.01850 - $0.01900 → Second Take Profit (TP2) (Resistance Zone)

$0.02000+ → Strong Bullish Breakout Zone

  • Final Thoughts

  • Short-Term Outlook: Slightly Bullish

  • Medium-Term Outlook: Neutral to Bearish (unless price breaks above $0.01700)

  • Long-Term Outlook: Bearish unless EMA(20) is reclaimed

Trading Strategy Recommendation:

✅ For short-term traders: Buy around $0.01500 - $0.01520 and sell at $0.01680 - $0.01700.

✅ For long-term traders: Wait for a breakout above $0.01850 before considering strong long positions.

❌ Avoid panic buying above $0.01650 unless confirmed volume and breakout patterns emerge.


Community Insights & Market Sentiment

  • Traders on Binance and Twitter suggest that PEOPLE could see a short-term pump but needs stronger confirmation for a long-term uptrend.

  • Whale activity is increasing, which may cause sudden price spikes.

🔔 Follow this post for live updates on $PEOPLE /#USDT movements! 🚀


Disclaimer: This is not financial advice. Always Do your own research before investing.

#PEOPLE #MarketRebound