Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
PEOPLE price reaches $0.08111 per coin, up 3.01% on the day

PEOPLE price reaches $0.08111 per coin, up 3.01% on the day

Bitget2024/10/24 17:21

ConstitutionDAO real-time price quote, PEOPLE's latest price reached $0.08111 today, up 3.01%, with a trading volume of $130 million. 
From the results of the k-chart analysis, it is now in an oscillator trend. It rose more sharply compared to 12:00 and rallied from 06:00 to break above the 13:00 high. When prices rise but trading volume falls, it usually means that the upward momentum of the market is weakening and the number of buyers is decreasing.
This type of volume-price divergence is usually due to a lack of selling. Against this backdrop, prices may retrace or consolidate sideways in the future as the lack of volume support makes it difficult to sustain price rises. Investors should be wary of the risk of a price pullback at higher levels and keep an eye on the trading volume to see if it can keep up with the price rise and if new buyers are stepping in.
Market activity is low and momentum is weakening. Based on the Williams indicator, it is currently classified as not overbought or oversold. The volume of trades has decreased recently, the volume of trades is lower than in the previous hours, the price is rising and the volume of trades is falling: the upward momentum is weakening.

As the market's upward momentum is weakening, it is recommended to remain cautious, pay attention to changes in trading volume and wait for market sentiment to recover.
The above is for reference only and does not constitute investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!