IDEX Drops 382.63% in 24 Hours Amid Volatile Market Conditions

On SEP 2 2025, IDEX dropped by 382.63% within 24 hours to reach $0.02383, IDEX rose by 2527.69% within 7 days, dropped by 434.91% within 1 month, and dropped by 5206.6% within 1 year.

IDEX has experienced a sharp intraday price decline amid ongoing volatility in the broader digital asset market. The token, which had seen a significant surge in the previous week, reversed course sharply in the 24-hour window ending on SEP 2, 2025. This abrupt correction reflects the high sensitivity of the token to short-term market sentiment and liquidity shifts.

Technical indicators suggest that IDEX has struggled to maintain a bullish trajectory over the long term. While the 7-day return was robust, the 1-month and 1-year figures reveal a persistent downward trend. This divergence highlights the challenges faced by the asset in retaining investor confidence and sustaining momentum.

The price movement is attributed to a combination of market-wide bearish sentiment and specific factors influencing the IDEX ecosystem. Traders and investors have been closely monitoring the token’s performance, given its history of volatility and the broader uncertainty in the market. The recent price decline has raised questions about the sustainability of short-term gains and the underlying strength of demand for the asset.

Backtest Hypothesis

A proposed backtesting strategy aims to evaluate the effectiveness of a technical trading approach based on the indicators observed in IDEX’s performance. The strategy involves using moving averages and relative strength index (RSI) levels to identify potential entry and exit points. By applying this method over historical data, the backtest will assess whether a systematic approach could have captured some of the short-term gains during the recent 7-day rally while mitigating exposure during the larger downturns.

The hypothesis posits that a well-defined set of rules based on these indicators might have improved risk-adjusted returns over the same time frame. The backtest will be structured to simulate trades on a daily basis, with stop-loss and take-profit levels based on key support and resistance levels identified in the token’s price history.