Market Overview for ConstitutionDAO/Tether (PEOPLEUSDT)

• ConstitutionDAO/Tether (PEOPLEUSDT) opened at $0.01283 and closed at $0.01312, trading within a $0.01264–$0.01344 range.
• Price formed bullish fractals and a key pivot at ~$0.01302–$0.01312, suggesting short-term support and momentum bias.
• RSI hovered in mid-range, while volume surged at the high, signaling potential short-term profit-taking.
• Bollinger Bands contracted near the open and expanded through the peak, indicating a breakout or consolidation shift.
• Fibonacci levels at 50% and 61.8% ($0.01318, $0.01327) may act as short-term resistance targets ahead.

The ConstitutionDAO/Tether (PEOPLEUSDT) pair opened at $0.01283 on 2025-10-12 at 12:00 ET and closed at $0.01312 the following day at the same time. The 24-hour period saw a high of $0.01344 and a low of $0.01264, with total volume of 316,494,021.30 and notional turnover of $4,136,014.66. Price action showed a mixed but ultimately bullish trend, with notable fractals forming at key levels.

Structurally, PEOPLEUSDT saw a significant fractal support at $0.01302–$0.01312, where price consolidated after a sharp intraday peak. A bullish engulfing pattern was visible near $0.01305–$0.01310, suggesting a potential reversal after a dip. Resistance levels emerged at $0.01318 and $0.01327, where Fibonacci retracements intersected with key moving averages. The 20-period and 50-period moving averages aligned with these levels, reinforcing their relevance.

Momentum, as measured by MACD, showed a positive crossover early in the session, with a subsequent consolidation phase. RSI remained in the mid-range (50–60), indicating neither overbought nor oversold conditions, but with clear upward momentum into the peak. Bollinger Bands contracted early in the session, followed by a sharp expansion, suggesting volatility-driven price discovery. Price closed near the upper band, which may indicate a continuation or consolidation phase.

Volume spiked during the peak at $0.01344, with a notional turnover of $217,280 in a single candle. This suggests strong participation and liquidity at the top. Divergences were limited, though a bearish divergence emerged near $0.01336–$0.01326, where price moved higher but volume declined. Fibonacci retracements at 61.8% ($0.01327) and 50% ($0.01318) may continue to influence short-term price behavior.

Backtest Hypothesis
Applying the outlined strategy to PEOPLEUSDT could yield insights into its responsiveness to fractal support/resistance and Fibonacci levels. A systematic approach using swing lows/highs or Bollinger Band breakouts as entry signals may enhance risk-adjusted returns. Using a 20/50-period MA as dynamic support/resistance, combined with a 2% stop-loss and 4% take-profit, could offer a robust framework. Given the recent volatility and fractal patterns, this pair shows potential for testing swing strategies in a low-correlation environment.