PEOPLE +247.5% in 24 Hours Amid Strong Short-Term Gains

On SEP 8 2025, PEOPLE rose by 247.5% within 24 hours to reach $0.01955, PEOPLE rose by 362.09% within 7 days, rose by 439.91% within 1 month, and dropped by 5778.74% within 1 year.

Despite a year-to-date decline of nearly 5800%, PEOPLE has experienced a dramatic turnaround in recent days. In the last month, the token climbed 439.91%, and over the last week, it surged 362.09%. The most significant movement occurred in the past 24 hours, where the price jumped 247.5%, reaching $0.01955. This rapid increase highlights a short-term recovery in investor sentiment and trading activity, despite the long-term bearish trend.

Technical indicators show a sharp upward movement in the last 24 hours, with momentum aligning with the recent price action. While the long-term bearish trend remains intact, the recent surge has triggered a reevaluation of short-term positioning among traders. The move has not yet led to a broader reversal in the overall trend, but it has brought the price back into a more liquid range after months of decline.

Backtest Hypothesis

A backtesting strategy has been proposed to analyze the performance of a technical-based approach using the recent volatility as a signal. The strategy is designed to capture momentum-driven price action by entering positions following significant percentage gains and exiting based on a defined time horizon or drawdown threshold. Given the recent 24-hour 247.5% gain, the strategy would have triggered a long entry, capitalizing on the sudden rally. The hypothesis is that a set of predefined rules applied to such spikes could yield a positive risk-adjusted return over multiple cycles of similar magnitude.