PEOPLE dropped 8.73% in 24 hours due to bearish technicals and outflows, despite recent bullish community sentiment. In summary:
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Price Decline: PEOPLE's price has dropped by over 8% in 24 hours, accompanied by bearish technical signals like EMAs aligned for a downtrend, RSI below 50, and increased volatility.
Selling Pressure: Significant token outflows, including large transactions, contributed to the recent price decline, suggesting selling pressure from holders.
3. Bullish Community: Despite the recent downturn, community sentiment observed in early November was largely bullish, anticipating upward price movements.
The information in this Binance Al Report could be inaccurate. Please DYOR. Not financial advice.
Positives
1. Bounce from Bollinger Band Lower: The token's price, currently at 0.00983, is nearing the lower Bollinger Band at 0.00952, which could suggest a potential oversold condition and a short-term rebound. 1 chart
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Community Outlook: Despite the recent price decline, community sentiment has shown a strong bullish bias in recent days, with discussions highlighting potential breakouts and upward moves from key support zones, as seen in posts from November.