PEOPLEUSDT.2HBased on the provided market data, the currency PEOPLE is currently experiencing a bullish trend. This is indicated by a relatively high Relative Strength Index (RSI) across the 4-hour, 1-day, and 7-day periods, suggesting that the currency is currently overbought.
The Moving Average Convergence Divergence (MACD) values for the same periods are positive, which generally signals bullish momentum. The currency is currently trading below the upper Bollinger Band (BB) across all periods, which could indicate some room for price growth.
However, the currency is trading closer to its resistance levels than its support levels, which suggests that there might be some selling pressure. The resistance levels are higher than the current price, indicating the price points that the currency might struggle to rise above.
In the short term, the currency has support at $0.032, $0.028, and $0.022 for the 4-hour period. If the price falls below these levels, it may find further support at $0.025, $0.018, and $0.012 for the 1-day period, and $0.014, $0.010, and $0.00090 for the 7-day period.
On the upside, the currency faces resistance at $0.048, $0.055, and $0.061 for the 4-hour period. If it breaks these levels, it may face further resistance at $0.048, $0.058, and $0.061 for the 1-day period, and $0.050, $0.073, and $0.089 for the 7-day period.
In conclusion, while the currency is currently in a bullish phase, investors should exercise caution due to the high RSI values and the proximity to the resistance levels. As always, it's important to consider other factors and perform thorough research before making any investment decisions.
