Market Overview for IDEX/Tether (IDEXUSDT)

Summary
• Price surged from 0.00988 to 0.00992, forming a bullish pattern near key resistance.
• Volume spiked after 03:00 ET, confirming upward momentum with no divergence.
• RSI climbed into overbought territory, suggesting potential near-term pullback.
• Bollinger Bands widened significantly after 02:00 ET, reflecting increased volatility.
• Fibonacci retracement levels at 0.00995 and 0.00987 were tested and retested during the session.

IDEX/Tether (IDEXUSDT) opened at 0.00988 on December 28, 2025, and reached a high of 0.00995, with a low of 0.00973, closing at 0.00992 as of December 29, 2025. Total volume for the 24-hour window was 13,172,326.3, with a notional turnover of approximately $129,427.

Structure & Formations

Price tested 0.00995 as a key resistance during the early morning and again near the close, forming a bullish continuation pattern. A potential bullish engulfing pattern emerged in the final hour, with price rising above key psychological levels.

Moving Averages

On the 5-minute chart, the 20-period moving average crossed above the 50-period, suggesting a short-term bullish bias. Daily 50/100/200 EMAs show a flat to slightly bullish setup, with price hovering above the 200-day line.

Momentum and Volatility

RSI crossed above 65 during the late night hours, indicating overbought conditions and a potential for consolidation or correction. Bollinger Bands widened significantly after 02:00 ET, suggesting increased volatility and heightened market participation.

Volume and Turnover

Volume surged past 300,000 at 03:15 ET and 05:15 ET, aligning with price highs. Turnover spiked alongside, indicating strong conviction behind the moves. Divergences were minimal, supporting the validity of the recent rally.

Fibonacci Retracements

Fibonacci levels at 0.00995 (38.2%) and 0.00987 (61.8%) acted as key reference points. Price found support at 0.00987 before rebounding, reinforcing its importance as a near-term floor.

The market appears poised for a test of 0.00995 in the coming 24 hours, with a potential pullback toward 0.00987 if momentum wanes. Investors should remain cautious of RSI overbought conditions and watch for any breakdown in volume support.