Crypto News- In a recent blog post, Upbit, the prominent South Korean cryptocurrency exchange, excitedly announced the imminent listing of SPACE ID (ID) on its Bitcoin (BTC) market. The trading doors for ID are set to swing open in just a few hours, unleashing new possibilities for eager traders.
Upbit Introduces SPACE ID (ID) Listing on Its BTC Market
The news of this upcoming listing has proven to be a boon for ID’s value, as its price experienced an impressive surge of over 24% in the past 24 hours. As of the latest data from CoinMarketCap, the coin is currently valued at $0.3306, reflecting the positive market sentiment surrounding this development.
Not only did the price witness a notable uptick, but ID’s trading volume also skyrocketed by a staggering 467% in the last day, reaching a substantial $142 million. While the coin retraced slightly from its 24-hour peak of $0.3467, it remained significantly above its daily low of $0.2537.
Analyzing the technical aspects on ID’s daily chart, bullish signals abound. The cryptocurrency successfully surpassed the $0.2980 resistance level in the past day, with both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators suggesting a continued upward trajectory in the next 24-48 hours.
At present, the MACD line triumphantly positioned itself above the MACD Signal line following their intersection in the last 24 hours. This promising alignment hints at the likelihood of ID’s positive trend persisting in the upcoming days.
Simultaneously, the RSI line maintained a commanding position well above the RSI Simple Moving Average (SMA) line. This positioning could be interpreted as a clear indication that buyers currently hold a substantial advantage over sellers in ID’s daily chart. Should these technical indicators hold true, there’s a prospect of ID ascending to as high as $0.4455. However, if bears manage to assert control, ID may find stability slightly above the $0.2980 support level.
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