PEOPLEUSDT Breaking Out of Multi-Month Triangle!

PEOPLE is currently showing a bullish breakout from a Symmetrical triangle resistance on the daily chart, accompanied by increasing volume.

Technical Highlights:

-Pattern: Symmetrical triangle formation that has been developing since early May.

-Breakout: We can confirm the breakout once the day's candle closes above the trend resistance line

-Moving Averages: Trading above the 50 EMA and 100 EMA.

-Volume: Noticeable spike in buying volume, confirming breakout strength.

If bullish momentum sustains above the breakout zone, we could see a 50-100% bullish move coming weeks.

Stop loss : $0.0185

Resistance 1: $0.0255
Resistance 2: $0.0305
Resistance 3: $0.0430

Cheers
Hexa


Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research and manage risk accordingly.