$ID has experienced a notable decline of 4.639% in the last 24 hours, indicating bearish sentiment.
The price oscillated between a high of 0.156 and a low of 0.1471, reflecting significant volatility.
Current Bollinger Bands suggest potential tight trading conditions, with resistance at 0.156 and support at 0.1471.
This overall downtrend is likely influenced by macroeconomic factors such as ongoing inflation concerns and regulatory news affecting market sentiment.
Bitcoin's influence remains undefined, which limits correlation insights for ID.
Traders should consider a short-term approach due to current volatility and downward pressure.
Key takeaway: Watch for support at 0.1471; a breach could signal further declines.
