ID
Space ID (ID) has finally reached an important technical level in its long-running decline channel. The price is currently trading at the level of $ 0.2144 and has touched the upper band of the falling channel. This region has caused sales pressure many times before; however, the picture may be a little different this time.
When we look at the technical structure, the price has climbed above the channel by creating higher bottoms since the last bottoming zone.
Support Zones:
- 0.1950 – 0.1750 $: Short-term support
- $0.1570: Major support
Resistance Zones:
- $0.2164: Channel upper band – the main resistance being tested at the moment
- 0.2551 – 0.2727 $: The first target after the breakdown
- $0.3287: Medium-term strong resistance
- $0.3962 – $0.4234: Long-term major resistance area
- $0.5202: Psychological resistance
The recovery movement that ID has shown in recent weeks indicates a technically strong structure. In particular, the fact that the price dips higher within the falling channel indicates that buyers are returning to the scene again. In the current outlook, the breaking of the channel upper band of $ 0.2164 may be a technical turning point for ID.
With this breakage, the falling trend will come to an end and a more positive pricing process may begin in the short-medium term. exceeding the $0.2164 level with daily closures means a technical break. If this happens, the first targets will be: $ 0.2550 and then $ 0.2727 levels. In the possible rejection scenario, the 0.1950 support should be followed; if this region is lost, the trend may weaken again.
In summary, the ID is located at the critical threshold of the falling channel structure. Technically, the positive signals have been strengthened. If the $0.2164 level is exceeded, the falling trend will end and a brand new bullish phase may begin for ID. That's why it's critical for investors to keep a close eye on the next few days.
These analyses, which do not offer investment advice, focus on support and resistance levels that are thought to create trading opportunities in the short and medium term according to market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss in relation to shared transactions.
