Market Overview: ConstitutionDAO/Tether (PEOPLEUSDT) on 2026-01-03

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 3, 2026 5:44 pm ET1min read
PEOPLE
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Aime RobotAime Summary

- PEOPLEUSDT formed bearish patterns near 0.01090–0.01103, with key support at 0.01075 and 61.8% Fibonacci level at 0.01080.

- Volume surged 3:30–4:00 AM ET during a 0.01083–0.01071 drop, indicating aggressive distribution despite muted price action later.

- RSI oversold readings and narrowing Bollinger Bands suggested exhausted bearish momentum before volatility expanded post-11:15 AM ET.

- Confluence of 50-period MA and Fibonacci levels at 0.01080 highlights critical support/resistance, with potential breakdown/bounce expected in next 24 hours.

Summary
• Price formed bearish engulfing patterns near 0.01090–0.01103, with a key support at 0.01075.
• Momentum dipped into oversold territory on RSI, while Bollinger Bands narrowed mid-session.
• Notional turnover surged during the 3:30 AM to 4:00 AM ET window, suggesting strong distribution.
• A 61.8% Fibonacci retracement level sits at 0.01080, coinciding with a confluence of moving averages.
• Volume remained elevated after 7:00 AM ET, despite muted price movement, indicating potential order flow accumulation.

The ConstitutionDAO/Tether pair (PEOPLEUSDT) opened at 0.01081 on 2026-01-02 12:00 ET, reaching a high of 0.01103 and a low of 0.01010 before closing at 0.01034 on 2026-01-03 12:00 ET. Total volume amounted to 76.45 million, with notional turnover of approximately $811,530.

Structure & Moving Averages


On the 5-minute chart, price found resistance between 0.01090 and 0.01103, marked by bearish engulfing and hanging man patterns, which may reinforce short-term bearish sentiment. The 20-period and 50-period moving averages converged near 0.01090, suggesting a key area of potential reversal. On the daily chart, the 50-period moving average currently sits near 0.01080, aligning with a major Fibonacci retracement level.

MACD & RSI Dynamics


Momentum, as measured by the MACD, turned negative during the early morning hours, coinciding with an RSI reading dipping into oversold territory below 30. This suggests the pair may have exhausted its bearish move or could consolidate in the near term.

Bollinger Bands and Volatility


Volatility, as observed via Bollinger Bands, contracted sharply overnight before expanding during a sharp sell-off after 11:15 AM ET. Price remained within the bands for most of the session, though a brief breach of the lower band at 0.01010 suggested heightened selling pressure.

Volume and Turnover


Volume and turnover spiked between 3:30 AM and 4:00 AM ET, when the price dropped from 0.01083 to 0.01071. This divergence suggests a period of aggressive distribution. After 7:00 AM ET, however, volume remained elevated while price consolidation occurred, hinting at a possible accumulation phase.

Fibonacci Retracements


A 61.8% Fibonacci retracement of the previous day’s high (0.01103) to the low (0.01075) sits at 0.01080, where price found support and where moving averages currently align. A break below this level could target the 38.2% level at 0.01086, while a rebound could test resistance at 0.01090–0.01093.

Price could test key support at 0.01080 in the next 24 hours, with a potential bounce or breakdown depending on order flow and broader market sentiment. Investors should remain cautious of renewed volatility if the pair breaks through the 0.01075–0.01080 range.