In this ConstitutionDAO technical analysis, we will examine the current price action, trading volume, key levels and indicators for PEOPLE-USDT. ConstitutionDAO is a decentralized autonomous organization (DAO) that aims to create a blockchain-based platform for the creation and management of decentralized governance models. 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 provide a more transparent, secure, and inclusive approach to governance.
ConstitutionDAO Price Overview:
As of May 12, 2024, ConstitutionDAO is trading at approximately 0.0305 USDT. Let’s dive into the detailed price action for PEOPLE-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0307 |
| High (H) | 0.03134 |
| Low (L) | 0.02986 |
| Close (C) | 0.0305 |
| Volume (C) | 275,681,216.30 |
- Open (O): The opening price for today’s trading session was approximately 0.0307 USDT.
- High (H): ConstitutionDAO reached a daily high of around 0.03134 USDT.
- Low (L): The daily low for PEOPLE-USDT was approximately 0.02986 USDT.
- Close (C): At the time of analysis, ConstitutionDAO is trading near its daily close of 0.0305 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.65% |
| 3D Change (%) | 3.32% |
| 7D Change (%) | 14.79% |
| 30D Change (%) | 13.72% |
| 90D Change (%) | 3.25% |
| YTD Change (%) | 138.28% |
Over the past three days, PEOPLEUSDT has risen by approximately 3.32%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 14.79%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with PEOPLEUSDT maintaining an upward trend of approximately 13.72%, despite intermittent fluctuations. Examining the last 90 days, PEOPLEUSDT has witnessed substantial rise of approximately 3.25%, reflecting strong long-term confidence. Year-to-date, PEOPLEUSDT has steadily appreciated by around 138.28%, 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-USDT 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 0.93763.
- Momentum score is 0.14791.
PEOPLE USDT Technical Analysis
ConstitutionDAO Trading Volume:
The trading volume for ConstitutionDAO (PEOPLE) over the past 24 hours has been insignificant, with approximately 275,681,216.30 USDT traded against PEOPLE. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): PEOPLE is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): ConstitutionDAO is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for PEOPLE-USDT is currently in the neutral zone, around 50.60897. This suggests that ConstitutionDAO is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
ConstitutionDAO (PEOPLE-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Embrace upward trends for ConstitutionDAO (PEOPLEUSDT) at 3.05e-02 USDT as bullish technical analysis confirms robust support and promising indicators.
Dive into the details with our in-depth analysis on PEOPLE BTC ConstitutionDAO Technical Analysis; you won’t want to miss it if you found this post interesting.
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.