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Summary
• IDEXUSDT declined 0.79% in 24 hours, breaking below key support at 0.01225.
• Volume spiked midday (ET) amid sharp downside, but failed to confirm strength.
• RSI entered oversold territory late, hinting at possible short-term bounce.
• A 5-minute bearish engulfing pattern emerged near session high, signaling bearish momentum.
• Volatility expanded during the 21:00–04:00 ET range, with a low at 0.01205.
IDEX/Tether (IDEXUSDT) opened at 0.01229 on 2025-12-13 12:00 ET, reached a high of 0.01239, and closed at 0.01210 on 2025-12-14 12:00 ET, with a low of 0.01205. The total trading volume over 24 hours was 10,278,856.0, and notional turnover amounted to approximately $125,102.5 (based on trade values).
Price action showed a distinct breakdown from key support at 0.01225, followed by a bearish continuation toward 0.01205. A bearish engulfing pattern formed on the 5-minute chart at the top of the range, signaling a shift in sentiment.

On the 5-minute chart, price closed below the 20-period and 50-period moving averages, reinforcing short-term bearish bias. Volatility, as measured by Bollinger Band width, expanded significantly during the early morning hours (ET), with price touching the lower band at 0.01205. The bands have since converged slightly, suggesting a potential pause in the move.
RSI fell into oversold territory (below 30) around 07:45–09:00 ET, but failed to rebound meaningfully, suggesting lingering bearish pressure. MACD lines crossed below the signal line, confirming a bearish momentum trend. The histogram showed a steady contraction in positive momentum from the early session.
A sharp increase in volume occurred during the 04:15–04:30 ET timeframe as price dropped from 0.01238 to 0.01225. However, the subsequent move lower was not accompanied by a proportional increase in volume, suggesting that selling pressure may be subsiding.
The largest turnover occurred during the 09:00–09:15 ET timeframe, when price surged from 0.01209 to 0.01216 on strong volume.
On the 5-minute chart, the key 61.8% retracement level of the prior bull wave sat at 0.01229, which was pierced during the late-night sell-off. On the daily chart, the 38.2% retracement level is at 0.01219, which now serves as immediate resistance. Price has yet to test the 61.8% level at 0.01208, which could be a potential near-term target.
In the next 24 hours, IDEXUSDT may test the 0.01205–0.01208 range for consolidation, with a potential bounce off oversold RSI levels. However, the risk of a further breakdown below 0.01205 remains, particularly if volume and momentum indicators continue to diverge.
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