Market Overview: ConstitutionDAO/Tether (PEOPLEUSDT) on 2025-12-26

Summary
• ConstitutionDAO/Tether (PEOPLEUSDT) declined 1.31% over 24 hours, with bearish momentum intensifying after midday.
• A significant volume spike occurred during the early hours of 2025-12-26, coinciding with a sharp price drop.
• A key 5-minute bullish engulfing pattern emerged at 03:15 ET, but failed to sustain a reversal.
• Volatility expanded sharply after 23:00 ET, pushing price outside its upper Bollinger Band.
• RSI entered oversold territory in the final hours, suggesting potential short-term rebound may be in play.

The ConstitutionDAO/Tether pair (PEOPLEUSDT) opened at $0.00931 at 12:00 ET–1 on 2025-12-25, reached a high of $0.00935, hit a low of $0.00890, and closed at $0.00907 at 12:00 ET on 2025-12-26. Total 24-hour volume was 16,797,524.8 and turnover was $153,420.49.

Structure & Formations

A 5-minute bullish engulfing pattern formed at 03:15 ET as price surged from $0.00906 to $0.00930, but was quickly reversed. A bearish flag pattern followed, as price remained in a tight range before breaking to the downside. The pair tested multiple support levels, with $0.00913 acting as a key level in the last few hours.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages crossed bearishly, reinforcing the downtrend. The 200-period daily MA sits at $0.00923, offering resistance for any short-term bounces.

Momentum Indicators

MACD turned negative after 2025-12-26 00:00 ET, with bearish divergence between the histogram and price. RSI reached oversold levels near 28 in the final hours, hinting at potential short-term bounce, though it may be a bear trap.

Bollinger Bands

Volatility expanded significantly between 23:00 and 00:15 ET, with price breaching the upper Bollinger Band before crashing to the lower band by 01:00 ET. Price closed near the middle band, suggesting indecision.

Volume & Turnover

Volume spiked to over 5.69 million at 23:00 ET during a sharp sell-off, while turnover reached $51,696.13, confirming bearish conviction. However, volume declined in the last 4 hours, despite lower prices, suggesting weakening selling pressure.

Fibonacci Retracements

On the 5-minute chart, price tested the 61.8% retracement level of a key bullish swing near $0.00915 before falling. Daily Fibonacci levels suggest $0.00910 as a near-term support and $0.00927 as resistance.

Looking ahead, a test of the $0.00910 level may trigger short-covering or a rebound, but a break below could signal further weakness toward $0.00880. Investors should watch for volume confirmation on any reversal attempt and remain cautious of extended bearish momentum.