Market Overview for ConstitutionDAO/Tether (PEOPLEUSDT)

Summary
• Price surged to 0.01009 during the session, forming a bullish breakout above prior resistance.
• RSI hit overbought territory, suggesting potential pullback in short term.
• Volume surged at 21:45 ET, confirming strength in the 0.0099–0.01003 range.
• Key support at 0.00974 held during late-night consolidation.
• Bollinger Bands expanded, indicating increased volatility and active participation.

ConstitutionDAO/Tether (PEOPLEUSDT) opened at 0.00951 on 2025-12-11 at 12:00 ET, reached a high of 0.01009, dipped to a low of 0.00918, and closed at 0.00917 by 12:00 ET-12. Total volume for the 24-hour window was approximately 58,543,944.8, with a turnover of ~$530,526.

Structure & Formations

The price formed a strong bullish breakout above the 0.0099–0.01003 resistance zone, confirmed by a high-volume 5-minute candle at 21:45 ET. After reaching a peak at 0.01009, it retraced to test key support levels, most notably 0.00974 and 0.0094. A bullish engulfing pattern appeared at 19:30 ET, followed by a long-legged doji at 06:00 ET, hinting at indecision in the early morning.

Moving Averages and Momentum

On the 5-minute chart, the 20-period MA rose above the 50-period MA during the breakout, confirming a short-term bullish bias. The daily MA structure is not directly visible, but intraday momentum suggests a potential 1-day high is forming. RSI hit 70+ during the peak, indicating overbought conditions and a probable short-term pullback. MACD crossed above zero, with positive divergence, suggesting continued upward momentum in the near term.

Volatility and Bollinger Bands

Bollinger Bands widened significantly after 19:00 ET, reflecting heightened volatility during the breakout. Price action remained within the bands for the majority of the session but touched the upper band at 21:45 ET, reinforcing the breakout's legitimacy. In the latter half of the session, volatility compressed, indicating a consolidation phase.

Volume and Turnover

Volume surged at the time of the breakout, exceeding 3 million units in a single 5-minute candle. Turnover also spiked during this period, aligning with price action and confirming strength. Toward the end of the 24-hour window, volume declined, consistent with a consolidation phase. Divergence between price and turnover was not observed, supporting the idea of a healthy, liquid move.

Fibonacci Retracements

Applying Fibonacci to the major 5-minute swing from 0.0094 to 0.01009, the 61.8% level at 0.00984 was tested multiple times and held. The 38.2% retracement at 0.00968 was a key pivot during the late-night pullback. On the daily chart, the 61.8% level of the broader move from the prior week resides near 0.0096–0.0097, which was tested and then broken to the downside in the final hour.

Market Outlook and Risk

With key resistance tested and confirmed, and Fibonacci levels aligning with price action, PEOPLEUSDT may continue to see short-term interest. However, the overbought RSI and late-session consolidation suggest a possible pullback before further upside. Investors should monitor 0.00974 as critical support and be prepared for increased volatility in the next 24 hours.