PEOPLE +79.14% in 24 Hours Amid Sharp Volatility and Market Uncertainty

On SEP 1 2025, PEOPLE surged by 79.14% in the span of 24 hours, reaching $0.01813. However, the broader time horizons tell a different story: the asset has recorded a 470.34% drop in the past 7 days, a 434.55% decline in the last 30 days, and a staggering 6132.32% fall over the past 12 months. This dramatic short-term gain against a long-term slump underscores the extreme volatility characterizing the PEOPLE token.

The sharp 24-hour rally occurred in the context of heightened market activity and speculation, though no official announcements or fundamental developments were reported to justify the sudden upward movement. Traders and analysts have noted that the spike may reflect broader market sentiment shifts rather than a change in the intrinsic value of the project. The move appears to be an isolated reaction to broader crypto trends, with no immediate catalyst tied specifically to the PEOPLE initiative.

From a technical standpoint, the recent 24-hour performance has reignited interest in short-term trading strategies, particularly among retail investors. While the broader trend remains deeply bearish, the sudden upward spike has triggered discussions about potential rebounds or retracements. Analysts have emphasized that any short-term gains should be approached with caution, given the steep and sustained drawdowns in recent months.

The 7-day and 30-day performance of PEOPLE illustrate a severe erosion of value, indicating a prolonged bearish phase. The recent 24-hour gain, while significant, may represent an anomaly rather than a reversal of the underlying trend. Investors are being urged to consider the broader technical indicators and long-term fundamentals before taking positions.

Backtest Hypothesis

A proposed backtesting strategy focuses on leveraging key technical indicators, including moving averages and relative strength index (RSI), to identify potential short-term trading opportunities amid the asset’s volatility. The strategy is designed to enter positions when short-term momentum indicators suggest a reversal or pullback, with strict exit rules based on predefined stop-loss and take-profit levels. The rationale is to capture rapid price movements like the recent 24-hour rally while mitigating exposure to longer-term downturns.

This approach aligns with the technical indicators discussed earlier, particularly in detecting possible inflection points in a market characterized by sharp corrections and occasional spikes. By applying historical price data to the proposed rules, the backtest aims to assess the viability of using such signals to generate profit while managing risk exposure. The results will inform whether the strategy is robust enough to be applied in live trading, given the highly unpredictable nature of the PEOPLE price action.