Recent Context & Project Status
ConstitutionDAO was created with an ambitious goal—crowdfunding the purchase of an original copy of the U.S. Constitution. Unfortunately, the project lost its bid and has since officially shut down. According to their website, the mission is complete, and token holders can now claim refunds via the Juicebox platform. The refund rate is set at 1 ETH for every 1 million PEOPLE tokens, though you’ll need to account for gas fees. At this point, PEOPLE doesn’t serve any real utility beyond speculative trading. There’s no governance happening, no roadmap, and no team actively developing anything.
Essentially, PEOPLE has transformed from a project token into a liquidation asset. Price movements these days are purely driven by speculation, trading momentum, and broader crypto market trends—not by any actual developments or new utility.
Technical Indicators & Price Action
Current Price Snapshot: PEOPLE/USDT is sitting around $0.006508, down almost 2% over the last 24 hours. It’s trading well under key resistance points, and most technical indicators are pointing toward bearish sentiment right now.
Trend & Moving Averages
Looking at the 4-hour chart, the token is hovering near its Simple Moving Average (SMA) at about $0.006489, while the Exponential Moving Average (EMA) is a bit higher at around $0.006562. Trading below the EMA typically means resistance when trying to push higher, and being so close to the SMA suggests we’re in consolidation mode without a clear direction. On the daily timeframe, moving averages are sitting well above the current price, which reinforces the bearish outlook.
Oscillators: RSI & MACD
The 4-hour Relative Strength Index (RSI) is hovering around 48.4—right in neutral territory. It’s not overbought or oversold. The MACD on the same timeframe shows a slightly positive histogram with the MACD line just above its signal line, but both are hovering near zero. This suggests a weak bullish signal without much conviction behind it.
Pivot Levels & Price Barriers
Looking at daily pivot points, resistance zones (R1-R3) range from about $0.00663 up to $0.00683. Support levels (S1-S3) start near $0.00643 and extend down to around $0.00623 if things get worse. If the price drops below S1, we could see accelerated selling pressure pushing toward S2 or S3. On the flip side, breaking above R1 might trigger a relief rally, though it would likely stall at R2 or R3 without strong buying interest.
Price Scenarios & Forecast
Based on current technicals and the project’s status, here are two likely scenarios for PEOPLE/USDT over the next week or two.
- Bullish Relief Arc: If some short-term buying pressure comes in—maybe from speculative traders or a broader crypto market rally—the price could climb toward R1 (around $0.00663) and possibly test R2 (roughly $0.00674). Breaking through R3 (about $0.00683) would need strong conviction, which seems unlikely given the token has no active utility anymore.
- Bearish Breakout Down: This seems more probable given current sentiment. If the price can’t hold S1 (around $0.00643), we could see it drift down to S2 (approximately $0.00634) and S3 (near $0.00623). A sharp drop below that range would leave very few technical supports before buyers might consider stepping back in.
Volume & Market Risk Considerations
Trading volume is pretty subdued compared to historical peaks, which makes sense for a winding-down project. Volatility is still a factor though—even small percentage moves can feel significant at these low price levels. Without any new project developments or catalysts, investors are exposed to sharp swings. Also worth noting: gas fees and withdrawal costs can eat into your actual returns if you’re trying to claim refunds, meaning the real value you get might be quite different from the quoted token price.
Which Way Forward?
For traders, PEOPLE/USDT is purely a speculative play right now. Upside potential is limited because there’s no fundamental support behind it, while downside risk grows once key support levels break. Without fresh news or catalysts, the price will likely drift sideways, potentially drop further, or attempt weak relief rallies that fizzle out against resistance. If you’re holding PEOPLE, keep a close eye on S1-S2 support levels for risk management. For anyone thinking about entering, it might be smarter to wait for a convincing break above R1 with solid volume. Overall, the outlook leans bearish unless something unexpected brings renewed interest to the token.
