SPACE ID Market Overview

• SPACE ID rallied from $0.1659 to $0.1845 before consolidating near $0.1770, with a bullish 15-minute engulfing pattern observed.
• Rising volume confirms strength in the 15-minute uptrend, but a bearish divergence appears in the RSI and volume near highs.
• Bollinger Bands show moderate volatility expansion, with price near the upper band at 17:30 ET and retracing toward the midline.
• 20-period MA on the 15-minute chart acted as a key support, with price holding above it for most of the session.
• Fibonacci levels of 61.8% (0.1783) and 78.6% (0.1807) appear to provide resistance and may trigger a pullback.

SPACE ID opened at $0.1669 (12:00 ET − 1), surged to a high of $0.1845 before retreating, and closed at $0.1779 (12:00 ET). The 24-hour notional volume in IDUSDT was approximately $23.5 million, with total turnover of ~$16.1 million.

Structure & Formations

SPACE ID formed a bullish 15-minute engulfing pattern around 17:30 ET, confirming a short-term reversal from a 0.1735 support. A doji appeared around 02:45 ET, indicating indecision and a potential pullback. The 61.8% Fibonacci retracement level at 0.1783 and the 78.6% level at 0.1807 may act as strong resistance.

Moving Averages

On the 15-minute chart, the 20-period MA acted as a dynamic support, with price bouncing off it multiple times during the session. The 50-period MA crossed below the 20-period MA in the early morning, suggesting a short-term bearish bias. On the daily chart, price remains above the 50- and 200-day MAs, indicating a longer-term bullish bias.

MACD & RSI

The MACD crossed into positive territory in the late afternoon and remained above the signal line, supporting bullish momentum. However, RSI hit overbought levels (70+) around 17:30 ET and has since corrected, suggesting a possible near-term pullback. A bearish divergence in RSI and volume around the high of 0.1845 could indicate a weakening in the rally.

Bollinger Bands

Volatility expanded after 16:30 ET as the price reached the upper Bollinger Band. A retracement back toward the midline and then toward the lower band indicates a consolidation phase. The narrowing of the bands in the early morning hours hinted at a potential breakout, which materialized with the bullish reversal.

Volume & Turnover

Volume surged during the 17:30–19:00 ET window, confirming the strength of the rally. However, after 03:00 ET, volume declined while price continued to fall, suggesting a bearish divergence. Total turnover peaked at ~$1.2 million around 17:30 ET, coinciding with the high of 0.1845.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key 15-minute swing (0.1659–0.1845), the 61.8% level at 0.1783 and the 78.6% at 0.1807 appear to cap further gains. A breakdown below the 38.2% level at 0.1758 would suggest a deeper correction, potentially back toward 0.1735 or even 0.1709.

SPACE ID may test 0.1783 in the next 24 hours as a key resistance level, with potential for a pullback if the RSI bearish divergence confirms. Investors should watch for a rejection above this level or a breakdown below 0.1758, which could signal a reversal in the short-term trend. As always, risk remains on the downside due to overbought conditions and bearish divergences.