Market Overview: IDEX/Tether (IDEXUSDT) – 24-Hour Performance and Technical Indicators

• IDEX/Tether trades with 1.2% gain at 0.01786 near 24-hour high
• Volume spikes to $3.4M as price consolidates around 0.0174–0.0176
• RSI at 54.3 shows moderate momentum, no overbought/oversold
• MACD turns positive; bullish divergence with price action
• Bollinger Band contraction suggests potential breakout ahead

The IDEX/Tether (IDEXUSDT) pair opened at 0.01734 on 2025-11-06 at 12:00 ET and rose to 0.01836 before settling at 0.01786 by 12:00 ET on 2025-11-07. The 24-hour range extended between 0.01717 and 0.01836, with total volume reaching 315338.1 and turnover hitting $3.4M. The pair shows moderate upward momentum amid consolidating price action and increasing volume.

Structure & Formations

Price action suggests a consolidation phase between 0.0174 and 0.0176. Key support levels are at 0.01732 (tested twice) and 0.01717, the 24-hour low. Resistance appears at 0.01763 and 0.01776, where prior candle closes show bearish reversals. A bullish engulfing pattern emerged during the 05:30–05:45 ET window, signaling a potential short-term reversal.

Moving Averages

On the 15-minute chart, price holds above both 20SMA and 50SMA, reinforcing a bullish bias. The 50-period EMA crossed above the 100-period EMA at 04:15 ET, indicating a short-term upward trend. Daily chart moving averages (50/100/200) remain bullish, with IDEXUSDT trading well above all, though the 200-day SMA at 0.01720 offers a longer-term floor.

MACD & RSI

The MACD histogram turned positive after 04:45 ET, with the line crossing above the signal line at 05:15 ET. This MACD bullish crossover aligns with a Golden Cross and rising volume. RSI stands at 54.3, suggesting moderate momentum with no overbought or oversold conditions. A potential follow-through to 0.01805 appears likely, assuming volume remains above $1.2M.

Bollinger Bands

Volatility has increased since 02:00 ET as Bollinger Bands widened. Price has spent most of the day near the upper band, particularly between 04:00 and 06:00 ET, suggesting a strong short-term bullish bias. A contraction in the band width is expected ahead of a potential breakout above 0.01812, with the 20-period standard deviation at 0.000036.

Volume & Turnover

Turnover spiked to $1.3M during the 04:15–04:30 ET period, coinciding with a bullish candle and MACD crossover. Price and volume have shown confirmation—higher highs on higher volume—suggesting strength in the current rally. Divergences are absent, and the trend remains intact.

Fibonacci Retracements

On the 15-minute swing from 0.01717 to 0.01836, key Fibonacci levels are at 0.01771 (38.2%), 0.01802 (50%), and 0.01821 (61.8%). Price consolidated near the 50% level before pushing up. The 61.8% retracement at 0.01821 could serve as a near-term target.

Backtest Hypothesis

To evaluate the potential effectiveness of the MACD Golden Cross strategy on IDEXUSDT, an accurate historical MACD dataset is essential. As the data source for IDEXUSDT remains ambiguous, the success of this backtest hinges on retrieving the correct ticker symbol from the preferred exchange. Once the correct ticker is identified, the backtest will assess the performance of entering long positions on every MACD crossover from 2022-01-01 to 2025-11-07. Expected metrics include average return per trade, win rate, and optimal exit strategy post-entry.