#PEOPLE has broken down from the rising channel and is now #trading within a short-term descending structure. Price is approaching a key demand zone around $0.0081,$0.0086, where buyers may step in. A strong reaction from this support could trigger a relief bounce toward $0.0098,$0.0105. Failure to hold the demand zone would keep #bearish momentum intact and open further downside. #crypto
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#PEOPLE has broken down from the rising channel and is now #trading within a short-term descending structure. Price is approaching a key demand zone around $0.0081,$0.0086, where buyers may step in. A strong reaction from this support could trigger a relief bounce toward $0.0098,$0.0105. Failure to hold the demand zone would keep #bearish momentum intact and open further downside. #crypto