- SPACE ID is currently trading at $0.292516 up 4.78% over the past 24 hours.
- 2 The currency is going through a downtrend.
- 3 The ID coin has fallen by -5.53% over the past 7 days.
The recently launched SPACE ID coins become a headache for their investors, facing a difficult time in the market. Investors have lost more than 72 percent of their invested assets, and investor hope is falling apart now.
When studying the data on the price of the coin, it is observed that it is in a tremendous downtrend. The price has fallen by -5.53% over the past seven days, and we can say that SPACE ID didn’t work well
last week.
ID declined -71.77% from its peak price of $1.03 over 3 months. Existing market sentiments don’t sound good on the ID coin. ID crypto tried to break the 50 MA, but was rejected due to low volume. It seems that there aren’t any buyers interested in buying the SPACE ID lately. This is why bears are overwhelming the market.
SPACE ID Technical Analysis
The price of the ID crypto has fallen below 50 and 200 EMA, which suggests that the price is in a bearish trend. If sellers continue to push the price lower, the value of the coin could fall further next week. Sellers aren’t in the mood to shift power to buyers right now.
The current value of RSI is 55.34 points. The 14 SMA line is currently close to the midline, about 48.72 points, which indicates neutral market sentiment. While the price is heading towards overbought territory, the market is facing bullish sentiment at the moment
.
The MACD indicator is also heading towards a positive area that points to the price slope. The MACD line at -0.00012311 and the signal line at -0.00263877 is below the
zero line.
Volume analysis
The average trading volume of SPACE ID in the last 24 hours is $20713267. It is showing a -6.70% increase in volume in one day. The lack of interest in buying the coin is the main reason behind its lower volume.
Summary
SPACE ID is struggling to recover from current support. However, it seems that if the price breaks, the support level of the main trend line could lead to further price drops in the coming days. However, the price of ID shows a pessimistic situation at the moment. Meanwhile, major reliable indicators such as EMA, RSI, and MACD indicate negative signs on the coin. Because of the coin’s negative performance, investors are afraid to invest in it. It seems that the coin is not showing any signs of recovery at the moment
.
Technical Levels:
- Support Level: The current support level is $0.2464
- Resistance Level — The current resistance level is $0.305.
Exclusion of liability
The research provided in this article is for informational and educational use only. Don’t take this information as a financial or business recommendation. Trading and investing have financial risks. Before creating any investment or trading decision, consider your risk profile and circumstances.
