ConstitutionDAO (PEOPLE) Price Stabilizes After 87% Crash — Rebound Ahead

Key Takeaways

• ConstitutionDAO (PEOPLE) broke out below support.
• The PEOPLE price has reached the $0.0170 support area.
• Will PEOPLE bounce or break down below this support?
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PEOPLE has had a challenging year, falling nearly 90% since its cycle high in June. The decline has accelerated in 2025.

Similarly to the rest of the crypto market, PEOPLE fell sharply at the beginning of February. However, the price has shown resilience by preventing a breakdown and creating a higher low in March.

With that in mind, let’s analyze the charts and see where this bounce might lead.

PEOPLE Price Breaks Down

The weekly time frame chart shows that PEOPLE has fallen since its cycle high of $0.1441 in June 2024. The downward movement caused a breakdown from an ascending support trend line in January 2025. Since the trend line had existed for 455 days, its breakdown is a sign that the bullish trend has ended.

During the decline, the PEOPLE price created four successive bearish candlesticks, culminating with a low of $0.014. This took it briefly below the $0.0170 on Feb. 3, but the price bounced (green icon). Nevertheless, the upward movement was not sustained and PEOPLE has returned to the support area again.

A breakdown below it could trigger another plunge, while a strong bounce might mark a local bottom and possible increase toward the support trend line.

Technical indicators are bearish. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) fall below their bearish thresholds at 50 and 0, respectively.

So, the weekly time frame suggests an eventual breakdown is the most likely outlook, taking the PEOPLE price to $0.0090.

Relief Before New Lows

While the daily time frame chart gives a bearish PEOPLE prediction, it suggests a short-term bounce could occur before new lows.

The wave count suggests the PEOPLE price has completed wave three in a five-wave downward movement (red) that started after the cycle high. If this is the case, it is now correcting in wave four, after which new lows are likely.

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The daily time frame indicators support this possibility since the RSI and MACD have generated bullish divergences. So, the PEOPLE crypto could increase toward the short-term resistance at $0.0300 before eventually falling to new lows.

Wave five could end at the long-term support of $0.0090, briefly declining below it to reach new cycle lows.

To invalidate this bearish scenario, the PEOPLE price has to close above the $0.0030 resistance and create a higher low. This currently seems unlikely.

Difficult Road Ahead

The PEOPLE price has fallen significantly since its cycle high in June 2024. The recent breakdown from a long-term support trend line does not bode well for the future trend.

While the short-term chart suggests relief is incoming, PEOPLE has probably not begun a bullish trend reversal.