😱🚀Here are the reasons why Space ID increased by 100%
Space ID (ID), a Web3 domain name creation service, is being powered by Ethereum Name Service (ENS), a similar cryptocurrency project that continues to be on the rise. #ID showed an upward trend due to the strength it received from ENS. In addition to ENS, Upbit also contributed to the rise of ID.
Upbit, known for its speculative listings, announced that it had listed ID later the same day. With the listing of ENS and Upbit, the upward trend has increased ID by 85%.
Expectations Are High For #SPACEID (ID)
Space ID (ID), a Web3 project that provides blockchain domain services, has become the most valuable cryptocurrency of the day. The increase in ID was strengthened by the Upbit effect and reached 85%.
After Ethereum co-founder Vitalik Buterin's post about Ethereum Name Service (ENS), eyes were turned to domain services. ID, a cryptocurrency like ENS, has also joined this trend. Rising with the help of upbit and trends, ID experienced a significant rise by breaking key resistance points.
ID broke the resistance level of $0.365 and continued its rise. The popular cryptocurrency settled into a buying zone between $0.437 and $0.466 Dec. The buying pressure in this area allowed ID to clear the resistance at $0.511 and test the resistance at $0.556. With the arrival of profit-taking sales, it failed to break the resistance of $ 0.556. ID experienced a decline, but was trading at $0.50 at the time of publication of the news.
In order to maintain the upward trend, ID needs to stay above the resistance of $0.511. A break above this zone could retest the resistance at $0.556. If the price can surpass the resistance of $ 0.556 on the second try, the next point may be $ 0.6.
On the other hand, there is also the possibility of selling for profit due to the sharp rise of ID. If these sales continue, ID's support of $0.466 could play an important role. The ID will remain in the purchase zone until the support of $ 0.437. The loss of this December may cause the price to fall to $ 0.365.
