1. BITBILIHome
  2. Article

SPACE ID price analysis: ID price goes down to $0.465, as bears define the price function

• 22 views

TL;DR Breakdown

  • SPACE ID price analysis is bearish today.
  • Support for ID/USD is present at $0.449.
  • Resistance for ID is found at $0.511.

The SPACE ID price analysis is bearish, indicating a decline in price today. The price has descended to the $0.465 level, reflecting a downward trajectory.  In the last month, the price trend has shown consistent variations, characterized by prolonged periods of fluctuation. Furthermore, the bears have maintained control for the third consecutive day, indicating their continued efforts to drive the price further downward, thereby sustaining their ongoing bearish slide.

ID/USD 1-day price chart: Strong bearish momentum boosts downward propulsion

The 1-day price chart for SPACE ID price analysis is going in favor of the bears once again, as they keep showing strong momentum. A significant price correction has occurred, with the value dropping to $0.465 today, resulting in a loss of around four percent over the last 24 hours. Upon analyzing the 1-day chart, we observe that the moving average value is currently situated at the $0.477 level. Furthermore, the Simple Moving Average (SMA) 20 curve is trading below the SMA 50 curve, indicating a bearish outlook. Additionally, the short-term trend line is displaying a downward trajectory.

id1djaa.465, as bears define the price function" src="https://en.bitbili.com/wp-content/uploads/2023/05/frc-63d80edc48c629c6e4a6b4f334b9bc8a.png">SPACE ID price analysis: ID price goes down to <img decoding=.465, as bears define the price function" src="https://en.bitbili.com/wp-content/themes/justnews/themer/assets/images/lazy.png" data-original="https://en.bitbili.com/wp-content/uploads/2023/05/frc-63d80edc48c629c6e4a6b4f334b9bc8a.png">
ID/USD 24-hours price chart. Source: Tradingview

The volatility is still low as the Bollinger bands are forming a narrow channel, and their upper band is showing the value at $0.511, representing resistance, while its lower band is present at the $0.450 mark, representing support for ID/USD. The Bollinger bands average is set at $0.480. The Relative Strength Index (RSI) score has also followed a steep downward slope, as it has reached down to index 41, hinting at the selling pressure engulfing the market.

SPACE ID price analysis: Recent developments and further technical indications

The 4-hour SPACE ID price analysis indicates that the bearish momentum has resulted in a steep decline in the price value. The price has dropped critically low today. The coin value plunged to $0.465 in the last four hours, and the price is continuing its free fall.

id1dlaa.465, as bears define the price function" src="https://en.bitbili.com/wp-content/uploads/2023/05/frc-1aa44bfd52c3c554fb7516f9181aafb3.png">SPACE ID price analysis: ID price goes down to <img decoding=.465, as bears define the price function" src="https://en.bitbili.com/wp-content/themes/justnews/themer/assets/images/lazy.png" data-original="https://en.bitbili.com/wp-content/uploads/2023/05/frc-1aa44bfd52c3c554fb7516f9181aafb3.png">
ID/USD 4-hours price chart. Source: Tradingview

The moving average (MA) is also at a greater height as compared to the current price, i.e., $0.485, and has passed below the SMA50 curve. The volatility is increasing, with the upper limit of the Bollinger bands at $0.519 and the lower Bollinger band at $0.469, respectively. The price has slipped below the lower band which is a strong bearish signal. The RSI score has decreased as well because of the selling action; the indicator shows the selling activity in the market as its score has decreased to index 37.

SPACE ID price analysis: Conclusion

The SPACE ID price analysis suggests the bears have continued plunging the price down today, as they have brought steep losses for the coin. The ID/USD price has reached the level of $0.465, and we expect the crypto pair to continue on the downside for today.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:SPACE ID price analysis: ID price goes down to $0.465, as bears define the price function

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月3日 12:33
Next 2023年6月3日 16:00

Related articles

  • U.S. banks now hold over $3 trillion in cash but there’s a catch

    TL;DR Breakdown U.S. banks currently hold over $3 trillion in cash, a strategic response to an unpredictable financial climate. March saw significant bank failures, including Silicon Valley Bank and Signature Bank, causing trust issues in the financial sector. Credit agencies, like S&P and Moody’s, downgraded several U.S. banks, further challenging the sector’s stability. Description The latest financial reports are revealing a remarkable trend: U.S. banks are currently sitting on an eye-watering sum of over $3 trillion in cash. The reasons for this financial strategy are varied and deeply interconnected, stemming from a cautious approach to an unpredictable economic climate and recent bank failures. Springtime’s Ghosts Still Haunting the Financial … Read more The latest financial reports are revealing a remarkable trend: U.S. banks are currently sitting on an eye-watering sum of over $3 trillion in cash. The reasons for this financial strategy are varied and deeply interconnected, stemming from a cautious approach to an unpredictable economic climate and recent bank failures. Springtime’s Ghosts Still Haunting the Financial Realm The banking sector, clearly, hasn’t forgotten the recent shocks it endured. March’s…

    Article 2023年9月6日

  • France and Germany’s expansion strategy for the EU

    TL;DR Breakdown France and Germany have presented a proposal to reshape the EU, especially regarding its expansion. The strategy emphasizes majority voting for state decisions, stricter rules on democracy and the rule of law, and an expanded EU budget. These proposals will be the core of discussions at an upcoming EU leadership summit in Granada, Spain. Description As the tides of change sweep over Europe, with its geopolitical complexities and challenges, France and Germany have risen to take the lead. They’re at the forefront, presenting transformative strategies to reshape the EU, particularly in light of its anticipated expansion. And while their intentions might seem grand, it’s imperative we dig beneath the surface … Read more As the tides of change sweep over Europe, with its geopolitical complexities and challenges, France and Germany have risen to take the lead. They’re at the forefront, presenting transformative strategies to reshape the EU, particularly in light of its anticipated expansion. And while their intentions might seem grand, it’s imperative we dig beneath the surface to fully grasp the magnitude and implications of their proposals….

    Article 2023年9月20日

  • Balancer protocol suffers $900,000 loss in latest exploit

    TL;DR Breakdown Ethereum-based Balancer protocol has suffered a loss of $900,000 in a vulnerability exploit. Immediate response and mitigating efforts. Description In a recent incident, the Ethereum-based automated market maker and decentralized finance protocol, Balancer, fell victim to an exploit that resulted in the loss of nearly $900,000. The breach occurred shortly after the protocol had disclosed a vulnerability affecting multiple pools. Balancer confirms vulnerability breach The security breach was confirmed on social media platform X … Read more In a recent incident, the Ethereum-based automated market maker and decentralized finance protocol, Balancer, fell victim to an exploit that resulted in the loss of nearly $900,000. The breach occurred shortly after the protocol had disclosed a vulnerability affecting multiple pools. Balancer confirms vulnerability breach The security breach was confirmed on social media platform X (formerly Twitter) on August 27. Balancer’s team acknowledged the exploit and informed the community that they had taken mitigation measures to reduce risks. However, the affected pools could not be paused, and users were advised to withdraw their funds from these pools to prevent further exploits….

    Article 2023年8月29日

  • US dollar’s recent surge has prompted Asian currencies to drop

    TL;DR Breakdown The recent surge in the US dollar is causing Asian currencies to drop to their lowest levels in months. Positive economic data in the US has led to expectations of prolonged higher interest rates by the Federal Reserve. Several Asian countries are implementing measures to defend their currencies, including intervention and warnings about rapid currency movements. Description The US dollar’s recent surge is causing Asian currencies to drop to their lowest levels in months, which has prompted Japan and China to take measures to protect their exchange rates. On Wednesday, Japan issued a strong warning about the yen’s rapid decline, and their top currency official stated that they are prepared to intervene … Read more The US dollar’s recent surge is causing Asian currencies to drop to their lowest levels in months, which has prompted Japan and China to take measures to protect their exchange rates. On Wednesday, Japan issued a strong warning about the yen’s rapid decline, and their top currency official stated that they are prepared to intervene if speculative trading continues. Around the same time,…

    Article 2023年9月6日

  • Best Twitter threads of the day – June 2nd

    EA Sports dabbles big on Web3 with Nike Not another day in ‘Web3’: The giants “NIKE and EA sports” blew everyone’s minds🤯 🧵👇 pic.twitter.com/YYuNS36GLr — MANI (@Mani_NFTz) June 2, 2023 As the debate goes on whether the ‘NFTs are dead’ or not?@Nike drops a bomb to put an end to that once and for all… (1/9)https://t.co/yhqWJ7Fj21 — MANI (@Mani_NFTz) June 2, 2023 @dotSWOOSH already proved that the people’s interest over ‘NFTs’ didn’t fade… When it sold over 97,000 ‘Our force 1’ digital sneakers and made almost $2 million in revenue. (2/9) — MANI (@Mani_NFTz) June 2, 2023 Ofcourse it’s “NIKE”! Still, no one’s an exception when it comes to NFTs. many behemoths tried and failed. Following up it’s success, ‘.Swoosh’ announced one hell of an UTILITY… By incorporating it’s ‘Virtual creations’ into future @EASPORTS games. (3/9) pic.twitter.com/B4hroVWSw1 — MANI (@Mani_NFTz) June 2, 2023 ‘EA sports’ doesn’t need any introduction… But, you gotta know the impact of the partnership ‘FIFA’ alone have 150 million player base (officially reported) (4/9) pic.twitter.com/R2CjV3nxfh — MANI (@Mani_NFTz) June 2, 2023 Imagine the exposure for overall…

    Article 2023年6月7日
TOP