Market Overview for IDEX/Tether (IDEXUSDT)

Summary
• IDEXUSDT formed a bullish engulfing pattern at key support near $0.0127.
• Volatility expanded after 08:00 ET, with volume surging 10x on the final 5-minute candle.
• RSI hit oversold levels near 28 and bounced, suggesting possible short-term reversal.
• Bollinger Bands showed a contraction before 07:00 ET and a sharp expansion post-breakout.
• Turnover diverged from price during the early morning, hinting at accumulation.

At 12:00 ET on 2025-12-11, IDEX/Tether (IDEXUSDT) opened at $0.01304, reached a high of $0.01343, a low of $0.01238, and closed at $0.0125. Total 24-hour volume was 21,803,548.3 and turnover amounted to approximately $278,967. The pair exhibited a significant late-day reversal on increasing volume and momentum.

Structure & Formations

A key support level emerged at $0.0127, where a bullish engulfing pattern formed after a sharp sell-off overnight. A doji at $0.01243 near the morning low suggested indecision. Resistance appeared at $0.01302, where price stalled twice and retreated, reinforcing its importance.

Moving Averages

On the 5-minute chart, price crossed above the 20-period and 50-period moving averages after 07:00 ET, signaling a potential short-term trend shift. Daily MA structures showed no major conflict, with price holding above the 200-day line, indicating a longer-term bullish bias.

MACD & RSI

RSI dipped into oversold territory (28) around 04:00 ET and rebounded strongly, suggesting a short-term recovery. MACD crossed above zero after 07:00 ET, with positive divergence in the histogram supporting the bullish momentum.

Bollinger Bands

Volatility contracted between 04:00 and 07:00 ET, only to expand sharply as price broke above the upper band at $0.01307. Price remained within the bands for much of the session, with occasional touches near the lower band during the early morning sell-off.

Volume & Turnover

Volume spiked dramatically on the 07:00 ET 5-minute candle, with a large notional value of $10,726,378.7. Turnover diverged from price during the early morning dip, suggesting accumulation. The final 5-minute candle had 5x average volume, supporting the late-day strength.

Fibonacci Retracements

A 5-minute swing from $0.01238 to $0.01307 saw a 61.8% retracement at $0.01286, where price found resistance. Daily retracement levels from the prior week indicated $0.01302 as a major psychological hurdle.

Market action suggests IDEXUSDT may test the $0.01302 resistance level in the next 24 hours. However, renewed selling pressure could trigger a pullback to the $0.0127–$0.0128 range, where support is likely to hold. Investors should monitor volume for confirmation of any breakout.