In this ConstitutionDAO technical analysis, we will examine the current price action, trading volume, key levels and indicators for PEOPLE-BTC. ConstitutionDAO is a decentralized autonomous organization that aims to create a blockchain-based platform for community governance and decision-making. The PEOPLE token is the native cryptocurrency of ConstitutionDAO, which allows holders to participate in the governance of the platform and receive rewards for their contributions. By leveraging blockchain technology and smart contracts, ConstitutionDAO seeks to create a more transparent, secure, and inclusive way for communities to make decisions and take action.
ConstitutionDAO Price Overview:
As of December 05, 2023, ConstitutionDAO is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for PEOPLE-BTC:
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): ConstitutionDAO reached a daily high of around 0.0 BTC.
- Low (L): The daily low for PEOPLE-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, ConstitutionDAO is trading near its daily close of 0.0 BTC.
|1D Change (%)||9.38%|
|3D Change (%)||9.38%|
|7D Change (%)||2.94%|
|30D Change (%)||-7.89%|
|90D Change (%)||-7.89%|
|YTD Change (%)||-71.31%|
Over the past three days, PEOPLEBTC has increased by approximately 9.38%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 2.94%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PEOPLEBTC maintaining a downward trend of approximately -7.89%, despite intermittent fluctuations. Examining the last 90 days, PEOPLEBTC has witnessed substantial decrease of approximately -7.89%, reflecting strong long-term confidence. Year-to-date, PEOPLEBTC has steadily depreciated by around -71.31%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
ConstitutionDAO Live Chart:
You can access a live price chart for PEOPLE-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.58502.
- Momentum score is -0.07895.
PEOPLE BTC Technical Analysis
ConstitutionDAO Trading Volume:
The trading volume for ConstitutionDAO (PEOPLE) over the past 24 hours has been significant, with approximately 14,046,452.90 BTC traded against PEOPLE. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): PEOPLE is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): ConstitutionDAO is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for PEOPLE-BTC is currently in the neutral zone, around 51.0398. This suggests that ConstitutionDAO is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
ConstitutionDAO (PEOPLE-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and significant trading volume are neutral signals for potential sideways movement.
Dive into ConstitutionDAO’s (PEOPLEBTC) optimistic outlook at 3.50e-07 BTC, guided by bullish technical analysis emphasizing strong support and promising indicators.
Explore more with our thorough insights on PEOPLE USDT ConstitutionDAO Technical Analysis — an essential read if you enjoyed the content of this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.