PEOPLE/USDT — At Demand Zone: Accumulation or Breakdown Ahead?🔎 Overview
Currently, PEOPLE/USDT is trading around 0.0181 USDT, sitting directly inside a multi-year demand zone (0.014–0.019) that has been a critical support area since 2022.
The market structure still shows a series of lower highs, indicating persistent selling pressure. However, the repeated d
#PEOPLE/USDT Breakout in Action !#PEOPLE
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the decline.
There is a major resistance area (ma
#PEOPLE/USDT Breakout in Action !#PEOPLE
The price is moving within an ascending channel on the 1-hour frame, adhering well to it, and is poised to break it strongly upwards and retest it.
We have support from the lower boundary of the ascending channel, at 0.01800.
We have a downtrend on the RSI indicator that is about to break
PEOPLEUSDT – Symmetrical Triangle Near Apex: Ready for a Break?Overview
Structure: Symmetrical Triangle — a long-term descending trendline (lower highs) converging with an ascending trendline (higher lows) since May. Volatility is tightening as price approaches the apex (late August–early September).
Current Price: ± 0.0194
Key Levels:
Resistance: 0.0230 → 0
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Displays a symbol's price movements over previous years to identify recurring trends.