Market Overview for IDEX/Tether (IDEXUSDT)

• IDEX/Tether traded 24-hour range of $0.01881–$0.02251, closing near the upper end at $0.01960
• Strong volume spikes and a bullish reversal pattern emerged post-noon ET
• Momentum indicators showed overbought conditions mid-day, followed by a sharp pullback
• Price remained above key support at $0.01900, with 61.8% Fib at $0.01936 acting as resistance

IDEX/Tether (IDEXUSDT) opened at $0.01908 on October 24, 2025 (12:00 ET – 1) and closed at $0.01960 on October 25 (12:00 ET), after reaching an intraday high of $0.02251 and a low of $0.01881. Total volume over the 24-hour period was 105,442,724.4, with notional turnover of approximately $2,034,079.90.

The candlestick structure reveals a strong bullish reversal after mid-day, with a piercing pattern forming at $0.01920–$0.01926 and a strong rejection at $0.01950–$0.01995. Key support levels include $0.01900 (tested twice), with $0.01890–0.01881 acting as critical stops. Resistance appears clustered at $0.01936 (61.8% Fib) and $0.01950–0.02000. A notable 38.2% Fibonacci retracement level at $0.01933 also shows a concentration of activity during the pullback phase.

15-minute and daily moving averages show short-term bullish momentum, with the 20-period MA rising above the 50-period MA in the afternoon. The 50-period daily MA remains above the 100-period MA, indicating broader medium-term strength. MACD lines crossed into positive territory mid-day before a sharp divergence in the afternoon, which preceded a 3% drop. RSI readings exceeded 70 at 11:45 AM, indicating overbought conditions and potentially a high-risk moment for buyers. The RSI pullback to the mid-60s by 6:00 PM ET suggests a temporary equilibrium may be forming.

Bollinger Bands show a moderate expansion in the early hours of October 25, with price breaking out above the upper band at 11:45 AM before consolidating between the bands for the remainder of the day. Volatility appears to have stabilized in the evening, with price hovering near the 15-minute and daily 20-period MAs. Volume spiked during the late morning and early afternoon, coinciding with the upper-bound breakout and subsequent pullback. Notional turnover was highest during this period, confirming the intensity of the move.

Backtest Hypothesis
The data and patterns observed suggest a potential backtesting strategy involving RSI overbought thresholds and a support-based exit rule could be explored. Applying a 14-period RSI overbought threshold of 70 (as is common in practice) and defining support as the most recent swing low during the pullback phase may yield testable signals. A long entry at 11:45 AM would align with the overbought RSI, while a sell at 6:00 PM ET at the swing low of $0.01960 could test the effectiveness of this approach. Further refinement would require specifying exact entry, exit, and position-sizing rules.