A long bullish streak of this length is being recorded for the first time since April 17, 2023, according to SPACE ID price analysis. The price of the cryptocurrency pair is rising for the third day. This is encouraging news for buyers because the downward trend could reverse. The price has consequently increased to $0.491. Due to the price’s sharp rise over the previous four hours, the general trend is bullish for today, as it seems the coin has hit the support floor.
ID/USD 1-day price chart: ID continues uptrend
The bullish trend in the 24-hour SPACE ID price analysis shows that the price has risen throughout the day. The price increased again to the $0.490 level as bulls continued to dominate the price movement. Despite some bearish price movement that was observed during the day when the selling pressure erupted, the bulls have been able to maintain their advantage. The coin’s value climbed by 0.83 percent over the previous day, and the moving average (MA) value is currently $0.492. On the other hand, compared to yesterday, today’s trade volume is down more than 15 percent.
High levels of volatility could be viewed as a promising sign for the future. On the other side, the Bollinger bands display their upper band at the $0.749 position, which stands for the highest resistance, and the lower band at the $0.402 position, which stands for the strongest support. Indicating the market’s buying vigor, the Relative Strength Index (RSI) score has risen to index 39.
SPACE ID price analysis: Recent developments and further technical indications
The Polkadot price analysis 4-hour price chart demonstrates that the bullish activity is intensifying as the price has been moving sharply upward over the previous four hours and reached a new high. As a result, the price cap increased to $0.490. Despite the day’s early negative price oscillation, the bulls have been able to gain ground.
The price has risen above the moving average value, which is currently $0.483, as a result of the positive trend. The Bollinger bands average, in comparison, is currently trading at $0.469 higher than the current price of the crypto pair.
The Bollinger bands value has marginally changed, and although the volatility has slightly lessened, it may rise once more as the bullish momentum picks up. The lower Bollinger band is fixed at $0.436 and the upper Bollinger band is now present at $0.501, defining the range of price oscillation. Due to strong buying momentum, the RSI also skyrocketed and now stands at 54.
SPACE ID price analysis Conclusion
The SPACE ID price analysis shows favorable trends for the day as the price has increased to the $0.490 level. The trend has changed to be bullish as a result of the bulls’ fantastic recovery today. In the hours to come, if bulls continue to be strong, the price may rise much higher. If it clears the $0.491 immediate resistance, this will open the door for more bullish ascent.
