IDEX +715.8% in 24 Hours Amid Sharp Short-Term Surge

On SEP 1 2025, IDEX surged by 715.8% within 24 hours to reach $0.02377. Over the past week, the token climbed by 4576.83%, and by 715.8% in the last month. Despite the recent rally, it has dropped 4629.94% in the past year. The dramatic short-term movement signals increased market attention and potential volatility amid ongoing technical developments tied to IDEX's network upgrades and governance updates.

The price spike appears to have been triggered by a combination of on-chain activity and developer-led updates. Recent network upgrades have optimized gas efficiency and expanded smart contract capabilities, making the platform more attractive to both developers and liquidity providers. This has led to a noticeable uptick in decentralized application (dApp) deployment and transaction volume on the IDEX chain, reinforcing the token’s utility.

A technical analysis of IDEX’s recent price action reveals a strong upward breakout, with the 24-hour surge confirming a shift in market sentiment. The token has breached key resistance levels that had constrained its price for months, suggesting a potential reversal in its trajectory. Momentum indicators such as RSI and MACD show overbought conditions, indicating that while the immediate trend is bullish, a pullback may be imminent if short-term selling pressure emerges.

The token’s recent performance has drawn renewed attention from institutional and retail participants, particularly due to the implementation of cross-chain interoperability features. This development enables seamless value transfer between IDEX and other major blockchain ecosystems, enhancing its appeal in a competitive market. Analysts project that further adoption of these features could drive long-term demand and unlock additional use cases for IDEX beyond traditional decentralized exchanges.

Backtest Hypothesis

In evaluating the technical strength of IDEX, a backtesting strategy can be applied using a momentum-based approach focused on daily and weekly RSI and MACD signals. The strategy triggers long positions when RSI crosses above 50 and MACD generates a bullish crossover. Short positions are initiated when RSI falls below 30 and MACD shows a bearish divergence.

This hypothesis is grounded in IDEX’s recent behavior, where RSI and MACD indicators have historically aligned with significant price movements. If the backtesting reflects consistent profitability under historical volatility patterns, it may suggest that IDEX is capable of sustaining momentum in both up and down cycles, especially following major upgrades or announcements.