Market Overview: IDEX (IDEXUSDT) 24-Hour Technical Summary
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IDEX opened at $0.01953 on 2025-07-16 12:00 ET, reached a high of $0.02019, a low of $0.01928, and closed at $0.02026 on 2025-07-17 12:00 ET. Total volume was 68,435,738.3 and total turnover was $1,383,967.30.
• IDEXUSDT formed a bullish reversal pattern near $0.01928, with a subsequent rally to $0.0207.
• Price broke above a key 15-min resistance at $0.02005 and tested $0.0203–$0.0207 during the final 6 hours.
• RSI showed overbought conditions after 09:00 ET, while MACD turned neutral to slightly bearish.
• Volatility expanded as Bollinger Bands widened; price remained near the upper band during the final 3 hours.
• Volume spiked during the 11:15–12:00 ET period, confirming the break above $0.02005.
Structure & Formations
IDEXUSDT displayed a key bullish reversal pattern near $0.01928 on 2025-07-16 19:00 ET, followed by a strong rebound. Price then formed a bullish flag pattern between $0.0197 and $0.02006. Key support levels identified include $0.01945, $0.01928, and $0.01900 (not tested), while resistance is now at $0.0207 and $0.0211.
Moving Averages
On the 15-minute chart, the 20-period and 50-period moving averages crossed to the bullish side around 04:00 ET, confirming the upward trend. On the daily chart, the 50/100/200 moving averages appear to be converging around the $0.0198–$0.0200 range, suggesting a potential consolidation phase or breakout.
MACD & RSI
MACD turned neutral to slightly bearish in the final 3 hours, suggesting possible exhaustion in the upward move. RSI spiked to overbought territory above 70 after 09:00 ET, indicating a risk of short-term correction. However, RSI has not yet shown a bearish divergence, implying the bullish bias could persist.
Bollinger Bands
Volatility expanded significantly after 04:00 ET, with Bollinger Bands widening to reflect increased trading interest. Price remained near the upper band during the final 3 hours, suggesting a strong continuation pattern. A break above the upper band could signal increased bullish momentum.
Volume & Turnover
Volume surged during the 11:15–12:00 ET period, confirming the breakout above $0.02005. Notional turnover also increased sharply during this window, aligning with the price move. No significant divergence between price and volume was observed, suggesting the rally is supported by strong buyer participation.
Fibonacci Retracements
Applying Fibonacci to the key 15-minute swing from $0.01928 to $0.0207, price is currently near the 61.8% level at $0.0203, which could act as a temporary resistance. A break above this level could aim for the 78.6% target near $0.0211. On the daily chart, the 38.2% and 61.8% levels are aligned with the $0.0203–$0.0207 range, reinforcing the current price cluster.
IDEX appears to have found strong support near $0.01928 and is consolidating above $0.02005. While the bullish momentum has shown signs of fatigue, the alignment of moving averages and Fibonacci levels suggests the upward move could continue. However, investors should remain cautious of a pullback to test $0.0200–$0.0197 before taking further long positions.
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