SPACE ID/USDT Breaks Key Support — But Fails to Confirm New Low

Summary
• Price swung between 0.0503 and 0.0548, forming a bearish breakdown below 0.0534.
• Momentum diverged after 0.0534, with RSI signaling oversold conditions post-0.0515.
• Bollinger Bands constricted during midday ET, followed by a sharp volatility expansion.
• Volume surged during the final 3 hours, but price failed to confirm a new low.
• Fibonacci 61.8% support at 0.0526 appears key for near-term direction.

At 12:00 ET on 2026-02-07, SPACE ID/Tether (IDUSDT) opened at 0.0538, peaked at 0.0548, traded as low as 0.0503, and closed at 0.0526. The 24-hour volume totaled 2,814,188 with 149,769.75 in turnover.

Structure & Key Levels

Price broke down from a prior support at 0.0534, forming a bearish continuation pattern. A large bearish candle on 2026-02-07 03:15 ET confirmed the breakdown. Immediate resistance appears at 0.0534, while 0.0526 and 0.0519 acted as temporary support.

Trend and Momentum

The 5-minute 20/50 MA crossovers showed a bearish bias during the final 6 hours, while RSI bottomed near 30 following a sharp sell-off below 0.052. MACD turned bearish after 0.0534, indicating fading buying pressure.

Volatility and Volume

A volatility contraction occurred around 0.0527 between 0.0515 and 0.053, followed by a sharp expansion as price dropped to 0.0503. Volume spiked above 500,000 during the last 3 hours, but price failed to create a new low, suggesting potential short-term exhaustion.

Implications and Risk

With 0.0526 now testing as a key level, a close below it could accelerate a test of 0.0515–0.0503. However, the failure to break below 0.0503 yesterday suggests a possible bounce. Investors should watch for a rebound above 0.0526 as a short-term reversal signal, but bearish momentum may continue in the absence of strong volume confirmation.