ID +1537.29% in 24 Hours Amid Sharp Short-Term Rebound
On AUG 28 2025, ID rose by 1537.29% within 24 hours to reach $7.61, ID rose by 1229.63% within 7 days, rose by 1450.15% within 1 month, and dropped by 5097.02% within 1 year.
The recent price surge reflects a dramatic short-term reversal in sentiment. After a prolonged period of decline, ID’s value has shown a significant upward shift in the past day alone, reaching $7.61. This sharp increase stands in contrast to the year-to-date decline, underscoring a potential turning point in market positioning.
Technical indicators suggest mixed signals for near-term trajectory. The asset has broken above key resistance levels observed over the past month, suggesting a short-term bullish bias. However, the steep rise raises concerns of a potential overbought condition, with momentum indicators suggesting that the upward move may not be fully sustainable without further validation.
Backtest Hypothesis
The technical analysis above forms the basis for a backtesting strategy that examines the effectiveness of trend-following indicators in capturing sharp price movements in ID. The strategy is designed to identify breakout signals on a daily time frame, using moving averages and price action patterns as entry triggers. Exit rules are based on trailing stops and fixed take-profit levels. The hypothesis is that a systematic approach leveraging breakout logic could have captured the recent 1,537% surge within a 24-hour period, while also managing drawdowns during the preceding year of losses. The next step will involve testing historical data to validate the strategy’s performance under similar market conditions.
