Market Overview for IDEX/Tether (IDEXUSDT) — 2025-11-06

• Price dipped to a 24-hour low of $0.0176 after an early-morning consolidation phase.• A late-night rally saw a 0.5% recovery, but buying pressure faded before the 12:00 ET close.• Volatility expanded significantly during the overnight session, with the high-low range reaching 0.0010.

The IDEX/Tether (IDEXUSDT) pair opened at $0.01798 on 2025-11-05 at 12:00 ET, reached a high of $0.01809, and fell to a low of $0.0176 before closing at $0.01781 on 2025-11-06 at 12:00 ET. The 24-hour trading volume totaled 4.8 million units, with a notional turnover of $84.4 thousand.

Structure & Formations

Price action displayed mixed signals throughout the 24-hour window. A strong bullish reversal candle formed early in the morning at 06:45 ET, with a long lower shadow, indicating rejection at support. However, this was followed by a series of bearish engulfing patterns and a falling wedge structure. Notable support levels formed around $0.01778–$0.01779 and $0.01766–$0.01767, both of which experienced multiple touches and consolidation phases. A key resistance appeared at $0.01807, where price stalled on three separate occasions, including a potential shooting star at 03:45 ET.

Moving Averages

On the 15-minute chart, price closed below the 20-period and 50-period SMAs, which were in a bearish alignment, indicating short-term bearish momentum. The 20 SMA currently rests at ~$0.01788, while the 50 SMA sits at ~$0.01791. Over the daily timeframe, the 50 SMA (~$0.01801) and 100 SMA (~$0.01803) both appear as overhead resistance, with the 200 SMA at ~$0.01804 reinforcing a potential long-term ceiling.

MACD & RSI

MACD remained bearish throughout the 24-hour window, with the histogram showing a net negative divergence, especially during the overnight session. RSI hit oversold territory multiple times, bottoming at ~28.5 during the 05:45 ET hour, suggesting potential for a short-term rebound. However, these rallies were quickly met with bearish pressure, indicating a lack of conviction in the bullish direction.

Bollinger Bands

Volatility expanded significantly in the early hours of 2025-11-06, with the Bollinger Bands widening from a contraction phase late on 2025-11-05. Price traded just below the lower band at one point during the 05:45 ET hour, confirming bearish pressure. However, the recent rally pushed price back into the middle of the bands, suggesting a possible equilibrium phase.

Volume & Turnover

Volume increased markedly during the overnight session, peaking at 791,174 units during the 00:15 ET hour. This surge in activity coincided with a sharp decline in price, suggesting a bearish confirmation. Turnover spiked to ~$14.4 thousand during that candle, the highest of the 24-hour period. However, a divergence emerged between price and volume in the final hours before the 12:00 ET close, where volume declined despite a modest price recovery.

Fibonacci Retracements

Applying Fibonacci retracement levels to the overnight swing from $0.01809 to $0.0176, the 38.2% level at $0.01782 and the 61.8% level at $0.01776 appear as key psychological points. The 61.8% retracement was particularly significant, with price consolidating at that level for two consecutive candles before breaking slightly above.

Backtest Hypothesis

To identify high-probability entry opportunities, a backtesting strategy could leverage candlestick pattern recognition, particularly the Hammer pattern, which is often associated with reversal setups. By detecting all Hammer-pattern days using confirmed historical OHLC data, and running an event-based back-test that buys at the next-day open, holds for one session, and exits at the close, a more empirical basis for decision-making can be established. Once the correct trading symbol for Harbor Alpha Layering ETF is confirmed (e.g., “HOLD”, “HAPI”, or another), or the raw price data is provided, this backtest can be executed and return statistics evaluated for robustness. This approach complements the observed technical indicators by introducing a rules-based system to enhance signal clarity and performance consistency.