Summary
• IDBTC traded in a narrow range until late evening, with a sharp upward thrust forming near 04:15 ET.
• Volume spiked significantly during the 19:45–20:15 ET and 08:00–09:15 ET windows, confirming key price levels.
• A bullish engulfing pattern emerged at 08:00 ET, potentially signaling a short-term reversal after consolidation.
• RSI remains in neutral territory, indicating neither overbought nor oversold conditions.
24-Hour Price Performance
At 12:00 ET–1, SPACE ID/Bitcoin (IDBTC) opened at $0.00000074 and rose to a high of $0.00000081 by 09:15 ET, with a low of $0.00000074. It closed the 24-hour period at $0.00000080. Total volume was 1,052,720.0, with a notional turnover of $0.07996025.
Price Structure and Momentum
The 24-hour chart displayed a consolidating pattern followed by a breakout above $0.00000080, supported by a bullish engulfing candle at 08:00 ET. The price then moved sideways, indicating mixed buyer/seller sentiment. RSI remains near 50, suggesting no strong directional bias but potential for a breakout if key levels are tested.
Volatility and Volume Dynamics
Volatility expanded during late evening and early morning trading hours, particularly after 04:15 ET, with Bollinger Bands widening to accommodate the price surge. Turnover increased sharply during two distinct sessions — one in the early evening and one in the morning — aligning with price action, suggesting institutional or concentrated retail participation.
Key Levels and Fibonacci Implications
On the 5-minute chart, support remains intact at $0.00000074, with resistance forming near $0.00000081. A Fibonacci retracement of the recent move shows the 50% level aligning with $0.00000077, which has acted as a pivot point. The 61.8% level at $0.00000080 may now serve as a key resistance in the short term.
The formation of a bullish engulfing pattern and the recent upward thrust suggest that IDBTC could test higher levels in the next 24 hours, especially if volume confirms further buying. However, traders should remain cautious, as a reversal below $0.00000076 could trigger a retest of the prior consolidation range.
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