ConstitutionDAO (PEOPLE)ConstitutionDAO (PEOPLE)
ConstitutionDAO is the top PolitiFi tokens by Market capitalization. It ranks at 156th with a live market capitalization of $264.39. The token was launched in 2021 to purchase an original copy of the United States constitution. It has maintained its relevance despite not achieving its goal.
PEOPLE price saw a significant surge in the 1st half of 2024. However, the token price headed towards a correction phase in the 2nd half i.e. after June 2024. Despite all the ups and downs, PEOPLE token stands at an impressive 308.77% gains on a year to date basis.
As evident from the technical PEOPLE/USDT chart over daily timeframe, the token has suffered a correction phase since July 2024. The daily chart highlights the formation of a descending triangle pattern with the price headed towards the support zone at the moment.
Now, PEOPLE price may continue to maintain a sideways trend until it is stuck in between the upper and lower boundaries of the pattern. A breakout or breakdown on either side could clarify the next possible trend.
