Technical analysis

1. Current price structure and position:

o The ID/USDT price is at the bottom of the ascending parallel channel, at $0.4180. The current position indicates the possibility of an upward rebound towards the middle and upper boundaries of the channel.

o The ascending channel indicates a bullish structure on the long-term chart. If the current trend continues, growth to the upper border of the channel is likely.

2. Volume profile and key levels:

o The Volume Profile highlights important levels that can act as support and resistance:

 $0.2830 is a strong volume profile support zone that can hold the price on a downward move.

 $0.5410 is the nearest resistance level, the overcoming of which will open the way to further growth.

 $0.1282 is the lower boundary of significant volume, which acts as the last line of defense during a deep correction.

o In case of a breakout of $0.5410, growth to the targets of $0.6517 and further to $1.2361 is possible.

3. EMA and RSI indicators:

o EMA (20/50/100) show that the price is fluctuating near EMA 20 and EMA 50, which indicates a consolidation phase. A breakout above these levels may confirm the beginning of an upward momentum.

o RSI at 47.19 indicates neutrality. A move above 50 may signal the start of a stronger uptrend.

Support and resistance levels

Support:

• $0.2830 is a key support zone according to the volume profile.

• $0.2300 – additional support level.

• $0.1282 is a strong support level in case of a deep correction.

Resistance:

• $0.5410 is the nearest resistance level that needs to be broken to confirm the growth.

• $0.6517 and $1.2361 are the target levels for further upward movement.

Potential scenarios

1. Bullish scenario:

o If there is a rebound from the current lower boundary of the channel and a breakout of $0.5410, growth to $0.6517 and further to $1.2361 is possible. It is important to monitor volumes and reaction to key levels.

2. Bearish scenario:

o In case of a breakout downwards from $0.2830, the price may drop to $0.2300 or even to $0.1282.

Conclusion

#ID /USDT is at a critical level within the ascending channel. Breaking key resistances will open the way to higher levels, and holding support will signal the continuation of the upward trend.