SPACE ID Market Overview: Consolidation and Key Resistance in Focus

• SPACE ID traded in a tight range on 24-hour 15-min data, with a low of $0.1771 and a high of $0.1893.
• A key 15-min bearish engulfing pattern formed at $0.1860, signaling short-term bearish momentum.
• Volume spiked during the early morning (ET) selloff, but price failed to break below key support at $0.1771.
• RSI and MACD suggest neutral to slightly bearish momentum, with RSI hovering near 50 and MACD in consolidation.
• Bollinger Bands show moderate volatility, with price spending most of the 24 hours inside the band midline.

SPACE ID opened at $0.188 on 2025-07-24 at 12:00 ET and closed at $0.1838 on 2025-07-25 at 12:00 ET. During the 24-hour period, it reached a high of $0.1893 and a low of $0.1771. The total notional turnover for the period was approximately $18.5 million, with a total volume of 102,690,000 tokens traded.

Structure & Formations

The 15-minute chart revealed a bearish engulfing pattern forming at $0.1860 on 2025-07-24 at 19:45 ET. This pattern suggests a potential short-term reversal from bullish to bearish momentum. Key support levels include $0.1840 and $0.1771, with the latter acting as a critical floor. Resistance appears to be consolidating near $0.1860–$0.1885, where the price has tested multiple times without breaking out convincingly.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are converging around $0.1855–$0.1865, suggesting a neutral to slightly bearish bias. The price has been trading below both moving averages for much of the 24-hour period. On the daily chart, the 50-day and 200-day moving averages are in a bearish alignment, with the 50-day line below the 200-day line, reinforcing a longer-term bearish trend.

MACD & RSI

The MACD histogram remains in a narrow range, indicating a lack of strong momentum either up or down. The MACD line crossed the signal line into bearish territory early in the 24-hour period, but failed to generate a strong short signal. RSI has remained in the mid-50 range for most of the session, suggesting a consolidation phase. While not overbought or oversold, the RSI has shown signs of bearish divergence in the latter half of the session, particularly during the selloff into $0.1771.

Bollinger Bands

Bollinger Bands show moderate volatility, with the price staying within the band midline for most of the 24-hour window. A contraction in band width occurred between 2025-07-24 at 19:00 ET and 2025-07-25 at 00:00 ET, followed by a small expansion as the price dropped toward $0.1780. The price closed near the midline, indicating no strong directional bias.

Volume & Turnover

Volume spiked during the early morning selloff, especially between 2025-07-25 at 03:00 and 05:00 ET, coinciding with the breakdown toward $0.1771. However, price failed to close below that level, suggesting potential buying interest at the lower end of the range. Notional turnover also increased during this period, with the highest turnover recorded at $0.1796. No clear divergence between price and turnover was observed, indicating that the selloff was supported by volume.

Fibonacci Retracements

Applying Fibonacci retracement levels to the most recent 15-minute swing from $0.1893 to $0.1771, the 38.2% retracement level is at $0.1834 and the 61.8% level is at $0.1875. The price has spent much of the session consolidating around these levels, suggesting they may act as pivot points in the near term.

The market appears to be in a consolidation phase, with key resistance around $0.1860–$0.1885 and support near $0.1840 and $0.1771. While the selloff into $0.1771 was supported by volume, a break below that level could signal a deeper correction. Investors may look for a retest of $0.1840 and $0.1875 as potential turning points. However, without a strong breakout above $0.1885 or below $0.1771, the market may continue to trade in a tight range. As always, traders should remain cautious and watch for any signs of increased volatility or divergence in key indicators.