ConstitutionDAO/Tether Market Overview

• ConstitutionDAO/Tether (PEOPLEUSDT) declined from a high of $0.01756 to a low of $0.01644, closing at $0.01746 on 2025-09-24.
• A strong bearish move early in the session tested support levels at $0.01695 and $0.01688, before a rebound occurred.
• Momentum shifted midday as bullish volume increased, with price recovering to near $0.0175.
• Bollinger Bands showed increased volatility as the price approached the lower band, followed by a reversion to the mean.
• Turnover spiked during the early morning and afternoon hours, indicating heightened interest and divergent price action.

The ConstitutionDAO/Tether (PEOPLEUSDT) pair opened at $0.01731 on 2025-09-23 at 12:00 ET and reached a high of $0.01756 before falling to a low of $0.01644. It closed at $0.01746 at 12:00 ET on 2025-09-24. Total volume for the 24-hour window was 166,446,406.5, with total turnover of $2,909,895.08 (assuming standard USDT value). The price action reflected a volatile session with bearish pressure followed by a strong rebound in the afternoon.

The structure of the session showed a distinct bearish bias in the early hours, with the pair breaking below key support levels at $0.01708 and $0.01695. A large bearish candle formed around $0.01701, signaling a potential short-term bottom. On the 15-minute chart, the 20-period and 50-period moving averages crossed over, indicating a bearish crossover. In the afternoon, a bullish reversal pattern emerged near $0.0173, with a strong close near the upper end of the Bollinger Bands, suggesting a retesting of recent resistance levels.

The RSI indicator moved into oversold territory early in the session, hitting a low of around 30 before bouncing back. MACD showed a bearish crossover followed by a bullish divergence in the latter part of the day, suggesting potential for a reversal. The 15-minute Bollinger Bands had widened significantly during the early morning dip, and price retested the lower band before bouncing up, indicating increased volatility and short-term positioning activity.

Volume increased significantly during the early morning and afternoon hours, coinciding with key price swings. A divergence was noted between the bearish price action and bullish RSI, suggesting potential for a rebound. Fibonacci retracement levels at 61.8% and 78.6% aligned with key support and resistance levels, with the 61.8% level at $0.01688 acting as a strong floor. The pair appears to be consolidating around $0.01745, with potential for further upward movement if buyers continue to show strength.

In the next 24 hours, ConstitutionDAO/Tether may attempt to break above the 0.0175 resistance level or retest the $0.0173 support zone. Investors should be cautious of potential volatility and watch for confirmation of bullish momentum through volume and RSI alignment. A breakdown below $0.0172 could signal renewed bearish sentiment.

Backtest Hypothesis
A potential backtest strategy for PEOPLEUSDT could focus on using RSI divergence and Bollinger Band reversion to the mean as entry signals. For example, when RSI dips below 30 (oversold) and price bounces off the lower Bollinger Band with rising volume, a long position may be initiated. Stop-loss levels could be placed below key Fibonacci retracements or below the low of the divergence candle. A take-profit could be set at the nearest resistance level or the previous swing high. Over the 24-hour period, this strategy would have triggered a long signal around $0.01688 with a target of $0.0173. The approach appears viable for short-term traders aiming to capture rebounds from oversold conditions.