Market Overview for ConstitutionDAO/Tether (PEOPLEUSDT)

Summary
• Price surged from $0.00993 to $0.01109, forming a strong bullish trend with no bearish reversal patterns.
• Momentum accelerated in the final hours, with RSI reaching overbought territory near 75.
• Volatility expanded significantly, with Bollinger Bands widening and price hitting the upper band late in the session.
• Turnover spiked in the 16:00–17:00 ET window, confirming the upward breakout.
• Fibonacci 61.8% level at $0.01073 was decisively broken, suggesting further upside potential.

24-Hour Price and Volume Summary

ConstitutionDAO/Tether (PEOPLEUSDT) opened at $0.00993 at 12:00 ET-1 and closed at $0.01109 at 12:00 ET. The price reached a high of $0.01065 and a low of $0.00982. The 24-hour volume amounted to 78,479,931.6, with a notional turnover of $838,259.

Structure & Key Levels

Price action showed a clear breakout above the 5-minute swing high of $0.01065, with a strong bullish bias evident from the closing above the 61.8% Fibonacci retracement level of $0.01073. The daily chart suggests further support at $0.0104 and resistance at $0.01125.

Volatility and Momentum

Bollinger Bands expanded significantly during the session, with price reaching the upper band as volatility increased. RSI showed strong momentum, reaching overbought levels, which may signal a potential pullback. However, the MACD remained positive and trending upward, supporting the continuation of the bullish trend.

Volume and Turnover

Volume surged during the final 3 hours of the 24-hour period, especially between 16:00 and 17:00 ET, confirming the upward move. Notional turnover spiked in line with volume, showing no significant divergence. This suggests strong buying interest without signs of distribution.

Looking ahead, PEOPLEUSDT could face a pullback from overbought conditions, but the strong volume and momentum suggest further upside potential. Investors should monitor for a retest of key resistance levels and watch for any signs of bearish divergences in momentum. As always, price movements remain subject to sudden reversals or external catalysts.