Based on the 4-hour chart of PEOPLE/USDT shown in the above figure, we can make the following analysis and predictions:
Overall Trend: The chart shows that PEOPLE/USDT is in an upward trend. The price continues to break through resistance levels and remains above key support levels.
Technical Indicators:
Moving Averages (MA): The short-term moving average (MA 10, blue line) is above the long-term moving average (MA 60, pink line), forming a bullish arrangement, indicating that the market is in an upward trend.
MACD Indicator: The MACD indicator shows that the blue line (MACD line) is above the orange line (signal line), and the histogram is above the zero axis, indicating strong buying pressure in the market and the potential for further price increases.
- Key Levels Analysis:
The red horizontal lines in the chart indicate multiple key resistance and support levels. The current price has broken through the 0.120000 USDT resistance level and is fluctuating around 0.140043 USDT.
Multiple arrows in the previous period show that the price has rebounded multiple times at key support levels, confirming the effectiveness of the support.
Volume Analysis: Looking at the volume, the recent green bars indicate strong buying pressure, further supporting the price increase.
Future Predictions:
Short-term: Since the price has broken through the 0.120000 USDT resistance level and is maintaining above it, it is expected that the price will continue to rise in the short term, with the next target possibly being the next key resistance level (approximately 0.150000 USDT).
Medium-term: If the price can stabilize above the current level and maintain an upward trend, it may further challenge higher resistance levels. Conversely, if there is a pullback, 0.120000 USDT will become an important support level.
Investment Advice: The current market trend is positive, suitable for buying on dips. It is recommended for investors to closely monitor market dynamics. If the price stabilizes near the support level, consider adding to positions. Pay attention to changes in trading volume and technical indicators to judge changes in market trends.
Final Reminder: Investment carries risks, so entry into the market should be cautious. For more information, please follow us!
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