Market Overview for IDEX/Tether (IDEXUSDT): 24-Hour Summary

Summary
• Price formed bullish engulfing and bearish harami patterns during key swings.
• Momentum shifted back and forth, with RSI showing overbought conditions twice.
• Volatility expanded during 20:00–21:00 ET, with high turnover confirming price action.
• Bollinger Bands showed a mid-session contraction followed by a breakout to the upper band.
• Volume and turnover aligned well in the afternoon, reinforcing price strength.

The IDEX/Tether (IDEXUSDT) pair opened at $0.0094 on 2026-01-05 at 12:00 ET, reaching a high of $0.00982 and a low of $0.0093 before closing at $0.00975 on 2026-01-06 at 12:00 ET. Total volume was 10,104,495.6, with a notional turnover of $96,898.17 over the 24-hour period.

Structure and Candlestick Formations

The session featured multiple key candlestick formations, including a bullish engulfing pattern near $0.00945 and a bearish harami at $0.00979, indicating indecision and potential reversal points. These patterns appeared during major turning points, reinforcing the psychological nature of the move.

Moving Averages and Momentum

On the 5-minute chart, the price spent much of the day above the 20- and 50-period moving averages, suggesting bullish momentum for parts of the session. However, this was offset by bearish pressure in the final hours. RSI reached overbought territory at 75+ on two occasions, signaling potential consolidation or pullback in the near term.

Volatility and Bollinger Bands

Volatility was muted in the early morning and expanded significantly from 20:00–21:00 ET. A clear contraction occurred between 02:00–04:00 ET, followed by a breakout to the upper Bollinger Band, confirming a strong move higher.

Volume and Turnover

Volume and turnover were most active during the late afternoon and early evening, with a single 5-minute candle at 20:30 ET showing a high of $0.00959 and volume of 643,975.3. This aligns with the breakout phase and suggests strong participation during the key move. No major price-volume divergence was observed.

Fibonacci Retracements

Recent 5-minute retracements showed price testing the 61.8% level at around $0.00962, before resuming the upward move. Daily-level Fibonacci levels were less influential, though the 38.2% retracement at $0.00965 appeared as a minor support area.

The session ended with IDEXUSDT consolidating near its high. While bullish momentum appears to have some traction, overbought RSI and recent volatility suggest caution. Price may test key Fibonacci levels or consolidate before the next directional move. Investors should remain alert for divergence in volume and momentum indicators.