IDEX +10.65% on Short-Term Rebound Amid Prolonged Downtrend

On SEP 8 2025, IDEX rose by 10.65% within 24 hours to reach $0.02854, IDEX dropped by 447% within 7 days, dropped by 1479.92% within 1 month, and dropped by 5730.29% within 1 year.

Recent price action indicates a short-term rebound in IDEX despite a persistently bearish long-term trajectory. The coin’s 10.65% surge within 24 hours suggests a temporary reversal, although the broader context remains defined by steep declines—447% in a week, 1479.92% in a month, and 5730.29% in a year. This sharp correction has drawn attention from traders and analysts, though no significant fundamental news has been disclosed to support the short-term rally.

The market appears to be responding to technical triggers rather than on-chain developments or project updates. IDEX has not announced new partnerships, protocol upgrades, or product launches in recent months. The absence of such events raises questions about the nature of the short-term upward movement. Analysts have noted that such rebounds are often seen in highly volatile markets as retail investors re-enter or bots execute predefined algorithmic strategies.

Technical indicators on IDEX suggest a continuation of bearish momentum. The RSI has moved into overbought territory temporarily following the 24-hour surge but remains below 40 for the weekly and monthly timeframes, consistent with an overall weak market. The MACD line has not crossed above the signal line, signaling that the bullish move is likely to be short-lived. Traders are closely watching whether the 24-hour gain will lead to a broader reversal or merely act as a bounce within a larger downtrend.