ConstitutionDAO (PEOPLEUSDT) Market Overview – 2025-08-25

ConstitutionDAO (PEOPLEUSDT) opened at 0.02098 on 2025-08-24 at 12:00 ET, and hit a high of 0.02198 before closing at 0.01956 on 2025-08-25 at 12:00 ET. The 24-hour volume amounted to 197,636,444.70, with a total turnover of $4.28 million.

Summary

• Price formed a bearish engulfing pattern after reaching a 24-hour high of 0.02198, signaling potential reversal.
• Volatility surged during the 18:30–19:45 ET window, followed by a sharp pullback below 0.02100.
• RSI dropped below 30, suggesting oversold conditions, though volume failed to confirm strong buying interest.
• A 38.2% Fibonacci retracement level at 0.02061 coincided with key support, temporarily halting the decline.

Structure & Formations

Price saw a sharp rally from 0.02080 to 0.02198 over three 15-minute candles, forming a strong bullish impulse. However, a bearish engulfing pattern emerged around 19:45 ET as the asset closed lower than the previous bar’s open (0.02186 to 0.02187), confirming a reversal. A long lower wick during the 00:45–01:00 ET candle (from 0.02095 to 0.02051) indicated rejection near 0.0205–0.0206, a prior support-turned-resistance. Key support levels at 0.02061 (38.2%) and 0.02011 (61.8%) were tested, with the latter failing to hold during the 07:30–07:45 ET session.

Moving Averages

On the 15-minute chart, the 20-period MA briefly acted as resistance during the 19:00–19:30 ET window, capping further gains. The 50-period MA remained bearish, crossing below the 20-period line to confirm a short-term downward trend. On the daily chart, the 50-period MA is at 0.02145, while the 200-period MA remains higher at 0.02205, indicating a larger bearish bias.

MACD & RSI

The MACD line turned negative after 19:45 ET and crossed below the signal line, reinforcing bearish momentum. RSI fell below 30 during the 05:15–05:30 ET session and remained below it for over six hours, suggesting oversold conditions. However, the lack of a strong rebound and the absence of volume spikes during the bounce indicate weak conviction from buyers. RSI remains at 34 as of close.

Bollinger Bands

Volatility was low early in the session, with the bands narrowing around 0.0209–0.0211 before expanding sharply after 17:30 ET. Price then moved outside the lower band for several hours, reaching as low as 0.02041, a sign of heightened bearish pressure. As of close, price resides near the mid-band, indicating neutral momentum but with a lingering bearish bias.

Volume & Turnover

Volume surged during the 19:45–20:00 ET window (81.8 million) and again at 00:45–01:00 ET (12.3 million), but both periods coincided with downward moves rather than confirmation of bullish strength. A divergence between price and volume is evident during the 05:15–06:30 ET recovery attempt—while price rebounded, volume remained muted. Total turnover reached $4.28 million for the 24-hour period, with the largest contributions from the 19:45–20:00 ET and 00:45–01:00 ET sessions.

Fibonacci Retracements

The 38.2% retracement level at 0.02061 held for a brief period during the 02:30–02:45 ET session but was later broken. The 61.8% level at 0.02011 was the last significant support before the final leg down. The 161.8% extension level at 0.01943 is currently being tested and could become a new support level if buyers step in.

Outlook & Risk

Price appears to be testing key psychological and Fibonacci support levels ahead of a possible consolidation phase. A break below 0.01943 could trigger a test of 0.01920, though a rebound above 0.01956 could suggest a short-term bottom. Investors should watch for confirmation via volume and RSI divergence. Risks remain skewed to the downside in the near term.