Market Overview for SPACE ID/IDUSDT

• SPACE ID/IDUSDT experienced a sharp 24-hour decline, dropping from 0.1594 to 0.1509 before a partial rebound began.
• A bearish engulfing pattern emerged early in the session, followed by a consolidation phase.
• Volatility spiked as volume surged past 4.8M contracts, yet price failed to recover above key resistance at 0.1615.
• RSI signaled oversold conditions near 0.1506, but buying pressure has been weak and inconsistent.
• Bollinger Bands expanded during the early morning rebound, indicating renewed short-term uncertainty.

Market Overview

SPACE ID (IDUSDT) opened at 0.1594 on 2025-08-25 at 12:00 ET and closed at 0.1509 on 2025-08-26 at 12:00 ET. The 24-hour low was 0.1473, while the high reached 0.1679. Total volume amounted to 12,831,383.0 contracts, with notional turnover of approximately $1,930,898.10.

Structure & Formations

The price of IDUSDT formed a key bearish engulfing pattern during the early session, followed by a long bearish trend that continued until early morning. A recovery phase began after 02:00 ET, but failed to reclaim the 0.1615 resistance level. The 0.1594–0.1600 zone appears to act as a strong overhead barrier. A doji formed near 0.1505–0.1506, signaling a possible oversold rebound, though follow-through has been limited.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages remain bearish, with price staying below both. On the daily chart, the 50-period SMA has crossed below the 200-period SMA, suggesting a broader bearish bias. Price remains below the 50-day SMA, indicating a continuation of the downtrend.

MACD & RSI

The MACD has shown bearish divergence during the sell-off, with the histogram tightening slightly during the recovery phase. RSI reached oversold territory around 0.1506 but failed to spark a strong bullish reversal. Momentum remains bearish, though a slight shift in MACD could indicate a near-term consolidation or pullback.

Bollinger Bands

Bollinger Bands expanded during the recovery phase, particularly after 04:00 ET, showing a rise in volatility. Price has remained near the lower band for most of the 24-hour period, but recent candlesticks suggest a return toward the middle band. A break above the upper band would indicate renewed bullish momentum, though it appears unlikely without a large-volume push.

Volume & Turnover

Volume spiked sharply during the recovery phase, particularly after 10:00 ET when a 15-minute candle recorded over 2.4 million contracts. Notional turnover followed a similar pattern, with the largest spikes aligning with the 0.1567–0.1608 and 0.1608–0.1645 price moves. However, volume did not confirm a breakout above 0.1615, suggesting buyer hesitation.

Fibonacci Retracements

The 24-hour move from 0.1679 to 0.1506 has seen price stall near the 61.8% retracement level at around 0.1603. A failure to break above this level may result in a pullback toward the 50% level at 0.1592. The 0.1567–0.1585 swing also shows resistance forming near 0.1580–0.1585.

In the next 24 hours, IDUSDT may consolidate near 0.1535–0.1545 as buyers test the recent support. A breakout above 0.1615 could resume the bullish phase, but a retest of 0.1506 or a breakdown below 0.1500 would heighten bearish risk. Investors should remain cautious of potential volatility spikes due to the high volume base and unresolved overhead resistance.