PEOPLE/USDT — Will the 0.0123–0.0098 Zone Ignite a Reversal?PEOPLE is currently retesting a key long-term support zone between 0.0123 and 0.0098 USDT, an area that has repeatedly acted as a major demand base since 2022.
Every touch to this zone has triggered notable accumulation or rebound phases in the past — making it a critical area where smart money often takes position.
This week, the chart printed a deep liquidity sweep, with a long wick piercing below the support before quickly recovering.
This pattern often reflects stop-loss hunting and may signal the start of a potential spring phase (Wyckoff structure), where big buyers begin to absorb liquidity at discounted levels.
While the macro trend remains bearish, a solid weekly close above 0.0175 – 0.0240 would confirm structural strength and open the door for a possible trend reversal.
However, if price closes below 0.0098, it would confirm a breakdown of the accumulation base, likely extending the bearish cycle.
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📈 Bullish Scenario:
Confirmation trigger: Weekly close > 0.0175, ideally > 0.0240 with volume expansion.
Bullish targets: 0.0240 → 0.0495 → 0.0845 → 0.1280 → 0.1700.
Narrative: The 0.0123–0.0098 zone could serve as a springboard for a potential Wyckoff-style reversal.
Holding above this range may lead to a double-bottom formation, setting up a new bullish structure.
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📉 Bearish Scenario:
Trigger: Weekly close < 0.0098 → confirms breakdown below multi-year support.
Implication: Continuation of the bearish trend and expansion toward lower liquidity zones.
Narrative: Failure to defend the 0.0123–0.0098 demand zone would indicate that accumulation isn’t complete, and sellers remain in control.
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🔍 Pattern & Market Structure:
Primary trend: Long-term downtrend since 2022.
Potential pattern: Double Bottom / Accumulation Base.
Candle behavior: Deep lower wick = liquidity grab / smart money absorption.
Reversal confirmation: Bullish weekly close with strong volume reaction inside the 0.0123–0.0098 support range.
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🎯 Trading Strategy:
Accumulation entry zone: 0.0123 – 0.0098 (low-risk scaling area for patient buyers).
Aggressive confirmation entry: Weekly close above 0.0175.
Profit targets: 0.0240 → 0.0495 → 0.0845.
Protective stop: Below 0.0095.
Ideal R:R: Minimum 2:1 or higher.
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🧠 Analyst Notes:
PEOPLE has returned to its most critical support area since 2023.
The 0.0123–0.0098 range is not just a technical level — it’s a psychological and structural battlefield between long-term buyers and sellers.
If this zone holds, it could mark the beginning of a new accumulation cycle heading into 2026.
But a breakdown below it would confirm a continuation of the broader distribution phase.
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Conclusion:
The 0.0123–0.0098 zone defines the balance between accumulation and capitulation.
Holding = high-probability reversal setup.
Breaking down = continuation of the bearish macro trend.
The upcoming weekly candle will likely set the tone for PEOPLE’s 2026 trajectory.
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