ConstitutionDAO/Tether Market Overview: 24-Hour Price Analysis for PEOPLEUSDT

• ConstitutionDAO/Tether (PEOPLEUSDT) closed lower at 0.02042, forming a bearish trend amid a sharp drop from intraday highs of 0.02055.
• A key support level forms at 0.02015, with RSI showing oversold conditions and a potential short-term rebound signal.
• Volatility expanded early in the session, with volume peaking during the 15:30–16:00 ET range.
• Momentum shifted midday, with MACD trending downward and a potential 61.8% Fibonacci retracement level at 0.02042.

PEOPLEUSDT opened at 0.02011 on 2025-09-19 at 12:00 ET and closed at 0.02042 one day later. The pair reached a high of 0.02055 and a low of 0.01976, with a total trading volume of 90,069,280.3 and a notional turnover of ~$1,826,465 (assuming USDT-based valuation). The price action was driven by a sharp bearish thrust in the early hours, followed by a partial recovery toward the close.

The structure of the 24-hour chart reveals a broad bearish bias, with a key support level forming at 0.02015 and resistance near 0.02055. A bearish engulfing pattern emerged around 23:30–00:15 ET as the price collapsed from 0.01999 to 0.01979, followed by a brief rebound. A doji at 00:15–00:30 ET signaled indecision. The price may test the 0.02015 support again before a potential short-term reversal.

MACD and RSI suggest divergent momentum signals. The MACD crossed below the signal line during the morning, pointing to a bearish momentum shift. RSI reached oversold territory (near 25) by the early afternoon, hinting at potential accumulation. The Bollinger Bands expanded during the morning selloff, with the price hovering near the lower band. A closing price above 0.02042 may trigger a retest of the upper band at 0.02060, but this would require increased buying pressure.

Fibonacci retracement levels from the 24-hour swing (0.01976 to 0.02055) show the 61.8% level at 0.02042, aligning with the close. The 38.2% level sits near 0.02028, which was briefly tested during the morning. A breakdown below 0.02015 would target the next Fibonacci level at 0.02003, where a key support was previously tested. Volume and turnover confirm the bearish thrust early in the session, with weaker follow-through during the afternoon.