Technical analysis by CryptoNuclear about Symbol PEOPLE: Buy recommendation (8/15/2025)

Overview Structure: Symmetrical Triangle — a long-term descending trendline (lower highs) converging with an ascending trendline (higher lows) since May. Volatility is tightening as price approaches the apex (late August–early September). Current Price: ± 0.0194 Key Levels: Resistance: 0.0230 → 0.0250 → 0.0290 → 0.0347 → 0.0435 Support: rising trendline (~0.018–0.0185) → 0.0160 → 0.0135 → 0.0110 → 0.0098 (YTD low) --- Pattern Details Symmetrical Triangle formed by a descending supply line connecting lower highs from Q4 2024 and an ascending demand line from the May 2025 swing low. This is a neutral pattern — direction can go either way, with probabilities close to 50/50. Breakout confirmation requires a daily close outside the triangle with increased volume. Measured move: the initial triangle height is ~0.012–0.014. Adding/subtracting this from the breakout point gives a projected move to: Upside target: ~0.033–0.035 (aligning with 0.0347 resistance) Downside target: ~0.007–0.010 (aligning with 0.0098 support zone) --- Bullish Scenario Trigger: Daily close above the upper trendline (~0.021–0.022) with strong volume Possible Path & Targets: 1. 0.0230 (first retest) 2. 0.0250 (minor supply) 3. 0.0290 (major resistance) 4. 0.0347 (measured move target & key historical resistance) 5. Extended run: 0.0435 if momentum continues Invalidation: close back below 0.021 after breakout. Stop-loss often set just below breakout retest. --- Bearish Scenario Trigger: Daily close below the lower trendline (~0.018–0.0185) with strong volume Possible Path & Targets: 1. 0.0160 2. 0.0135 3. 0.0110 4. 0.0098 (low; break here could open room to 0.007–0.010 range per measured move) Invalidation: close back above 0.0185 after a downside break. --- Trade Notes & Risk Management Symmetrical triangles typically break between two-thirds and three-quarters of the way to the apex — we are currently near that zone. Waiting for confirmation is safer than guessing direction. Prefer the break–retest–go approach over chasing the first breakout candle. Use laddered take-profit at horizontal levels and keep risk ≤1–2% per trade. Be aware of fakeouts near the apex — volume is a key filter. #PEOPLE #PEOPLEUSDT #ConstitutionDAO #TrianglePattern #SymmetricalTriangle #Breakout #PriceAction #CryptoTA #Altcoin #SupportResistance