The price of #PEOPLE is approaching the bottom of the ascending channel in the 4-hour Tf . If the price can break the dynamic resistance, it can pump up to the ceiling of the channel and reach the price of $0.0700.

After reaching the resistance level of 0.14500-0.14000, #PEOPLE price could not break it and started to decrease to the support level of $0.09700-$0.10050.

Recently, a bullish harmonic pattern has formed in the chart, and according to it, we can expect the price to grow again to the resistance level.
If the price fails to maintain the current critical support level and continues to correct, it will move towards the lower demand level indicated on the chart.

There's a high probability that PEOPLE will break through this support, propelled by diminishing volume and macro market trends. This move would confirm a downward trend .

The price of #PEOPLE easily crossed the support level of $0.09700 - $0.10050. Now, this level has become a resistance.

After breaking the support, the price is now retesting that area. If the market trend continues downward in the coming week, the next target, which is the $0.04400 area, can be easily reached.

Trend is bearish in the 4-hour time frame, but it's still bullish in the higher time frame. If the price is maintained above $0.07400, the price will be returned to the previous top.

#PEOPLE reached the set levels, after passing from $0.09700 - $0.10050, the price fell sharply. (about 50%)

With the increase in selling pressure and the prevailing fear in the market, the price continued to fall after breaking the $0.07400 level and fell to the $0.04400 area. Now the price has experienced some improvement.

The recent price drop has been very strong, but considering the strong upward trends that this currency has created in the past, we can expect a strong return to the broken levels from the price.