Market Overview: IDEX/Tether (IDEXUSDT) 24-Hour Summary for 2026-01-18

Summary
• Price tested 0.0102 as key resistance, failing to hold above.
• Volume surged during late-night bearish move, confirming weakness.
• RSI suggests moderate oversold conditions, but momentum remains muted.
• Bollinger Band contraction early morning hints at possible breakout.
• 61.8% Fibonacci level aligns with 0.01006–0.01007, a potential support cluster.

At 12:00 ET–1 on 2026-01-18, IDEX/Tether (IDEXUSDT) opened at 0.01016, reaching a high of 0.0102 and a low of 0.00993 before closing at 0.01007 as of 12:00 ET. Total volume was 12.1 million units, with a turnover of 121,506 USD.

Structure and Key Levels

Price repeatedly tested 0.0102 as a near-term resistance, with a bearish breakdown following a morning session high. A 0.01007–0.0101 support cluster, supported by 61.8% Fibonacci retracements and key candle closes, appears to hold short-term buying interest. A doji formed near 0.01003 early morning, signaling indecision after a sharp sell-off.

Volume and Momentum

Volume spiked during the 02:00–04:00 ET window, coinciding with a price drop from 0.01 to 0.00996. Notional turnover also increased during this period, suggesting conviction in the move lower. The RSI remains near 30, hinting at potential short-term oversold conditions, but momentum remains weak with MACD lines flattening.

Volatility and Fibonacci

Bollinger Bands constricted during the early morning hours, a setup often preceding a breakout. The 5-minute chart shows a key swing high at 0.0102 and a swing low at 0.00993, with the 61.8% level at 0.01006 providing a near-term floor. A breakout above 0.0102 could trigger a retest of earlier resistance, while a break below 0.01 would signal further downside risk.

The market appears to be consolidating within a defined channel, with key levels providing clear directional signals over the next 24 hours. A breakout above 0.0102 could attract buyers, while a failure to hold above 0.01006 may increase bearish pressure. Investors should remain cautious and monitor volume for confirmation of any breakout.