PEOPLE has had a challenging year, falling nearly 90% since its cycle high in June. The decline has accelerated in 2025.
Similarly to the rest of the crypto market, PEOPLE fell sharply at the beginning of February. However, the price has shown resilience by preventing a breakdown and creating a higher low in March.
With that in mind, let’s analyze the charts and see where this bounce might lead.
The weekly time frame chart shows that PEOPLE has fallen since its cycle high of $0.1441 in June 2024. The downward movement caused a breakdown from an ascending support trend line in January 2025. Since the trend line had existed for 455 days, its breakdown is a sign that the bullish trend has ended.
During the decline, the PEOPLE price created four successive bearish candlesticks, culminating with a low of $0.014. This took it briefly below the $0.0170 on Feb. 3, but the price bounced (green icon). Nevertheless, the upward movement was not sustained and PEOPLE has returned to the support area again.
A breakdown below it could trigger another plunge, while a strong bounce might mark a local bottom and possible increase toward the support trend line.
Technical indicators are bearish. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) fall below their bearish thresholds at 50 and 0, respectively.
So, the weekly time frame suggests an eventual breakdown is the most likely outlook, taking the PEOPLE price to $0.0090.
Relief Before New Lows
While the daily time frame chart gives a bearish PEOPLE prediction, it suggests a short-term bounce could occur before new lows.
The wave count suggests the PEOPLE price has completed wave three in a five-wave downward movement (red) that started after the cycle high. If this is the case, it is now correcting in wave four, after which new lows are likely.
The daily time frame indicators support this possibility since the RSI and MACD have generated bullish divergences. So, the PEOPLE crypto could increase toward the short-term resistance at $0.0300 before eventually falling to new lows.
Wave five could end at the long-term support of $0.0090, briefly declining below it to reach new cycle lows.
To invalidate this bearish scenario, the PEOPLE price has to close above the $0.0030 resistance and create a higher low. This currently seems unlikely.
Difficult Road Ahead
The PEOPLE price has fallen significantly since its cycle high in June 2024. The recent breakdown from a long-term support trend line does not bode well for the future trend.
While the short-term chart suggests relief is incoming, PEOPLE has probably not begun a bullish trend reversal.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
