ID Braces for Bear Season as Indicators Point to Possible Decline
- With a market cap of $198,055,743, ID tumbled by 27.24% over the week.
- ID, currently, is trading at $0.6502 after facing a fall of 6.50% in 24 hours.
- Indicators signal that ID would continue to face the bears’ attack for some time.
Many altcoins started this week facing the bears’ attack, including ID, the governance token of SPACE ID. With a market cap of $198,055,743, ID tumbled by 27.24% over the week. ID is currently trading at $0.6502 after facing a fall of 6.50% in the last 24 hours. However, ID still continues to remain among the most trending cryptocurrencies based on the market cap, according to CoinMarketCap. ID is trading within the red region, after plummeting over the week.
Observing the hourly chart, ID is continuously moving downwards away from the 200 MA indicator. ID’s trajectory could reach its candlesticks in the Weak Low region at 0.57208. Since the altcoin is below the 200MA, it could face bearish sentiment over the long run. The Weak Low will be a critical point for ID as it further determines whether the native token of SPACE ID would continue to be under the bears’ control. If ID breaks …
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ID Braces for Bear Season as Indicators Point to Possible Decline
- With a market cap of $198,055,743, ID tumbled by 27.24% over the week.
- ID, currently, is trading at $0.6502 after facing a fall of 6.50% in 24 hours.
- Indicators signal that ID would continue to face the bears’ attack for some time.
Many altcoins started this week facing the bears’ attack, including ID, the governance token of SPACE ID. With a market cap of $198,055,743, ID tumbled by 27.24% over the week. ID is currently trading at $0.6502 after facing a fall of 6.50% in the last 24 hours. However, ID still continues to remain among the most trending cryptocurrencies based on the market cap, according to CoinMarketCap. ID is trading within the red region, after plummeting over the week.
Observing the hourly chart, ID is continuously moving downwards away from the 200 MA indicator. ID’s trajectory could reach its candlesticks in the Weak Low region at 0.57208. Since the altcoin is below the 200MA, it could face bearish sentiment over the long run. The Weak Low will be a critical point for ID as it further determines whether the native token of SPACE ID would continue to be under the bears’ control. If ID breaks …
The post ID Braces for Bear Season as Indicators Point to Possible Decline appeared first on Coin Edition.
Read More