Market Overview for IDEX/Tether (IDEXUSDT) – November 9, 2025

Summary
• IDEX/Tether (IDEXUSDT) posted a mixed 24-hour candle with a slight bearish close.
• Price tested key resistance at 0.0190 before pulling back to 0.0188.
• Volatility surged mid-day, followed by a consolidation phase in the morning.

The 24-hour IDEX/Tether (IDEXUSDT) pair opened at 0.01879 and closed at 0.0188 at 12:00 ET, with a high of 0.01925 and a low of 0.01838. Total volume for the 24-hour window was 73,982,745.1, with a notional turnover of 1,397.5. This suggests a relatively high degree of market participation, particularly during the Asian and European trading sessions.

The structure of the candlestick pattern reveals a bearish bias following a strong bullish run earlier in the session. A significant high at 0.01925 acted as a temporary resistance, while the price consolidated in the 0.0188–0.0190 range afterward. The formation of a long upper shadow at the top of the 24-hour candle suggests rejection at higher levels. A bullish engulfing pattern appeared around 04:15 ET as the pair surged from 0.01902 to 0.01925, indicating temporary buying pressure. However, this was followed by a bearish reversal, pointing to mixed sentiment.

On the 15-minute chart, the 20-period and 50-period moving averages crossed multiple times, suggesting a volatile and directionless trend. The 20 MA sat above the 50 MA toward the end of the session, hinting at a potential short-term bullish bias, though this remains unconfirmed. On the daily chart, the 50/100/200 MA lines showed no strong convergence, with the price trading near the 50-day MA. Momentum appeared to wane after the 0.01925 high, with the RSI oscillating between 30 and 60, suggesting no overbought or oversold conditions. MACD was mixed, with some bullish divergence early in the session but no clear signal by the end of the 24-hour period.

Bollinger Bands expanded significantly during the afternoon session, indicating rising volatility. The price tested the upper band at 0.01925, then retreated toward the middle band. A contraction in band width during the overnight hours signaled a potential shift to consolidation, with price hovering near the middle band. On the volatility side, the expansion suggests increased trading activity, though the direction remains uncertain.

Volume and turnover spiked dramatically around 04:45 ET with a $1.36M turnover on a 0.01896–0.01959 move. A similar spike occurred at 05:00 ET, pushing the price higher before a large-scale reversal began. Notable divergences occurred when price rose on diminishing volume, particularly after 05:30 ET. This signals potential bearish exhaustion or institutional selling pressure.

Applying Fibonacci retracement levels to the key 24-hour move from 0.01838 to 0.01925, the pair retraced to 61.8% (0.01881) by the end of the period. This level may provide initial support, with 38.2% (0.01872) as a secondary level. On the 15-minute chart, retracement levels are less effective due to the high volatility and erratic price action.

Looking ahead, IDEXUSDT may continue to consolidate in the 0.0187–0.0190 range over the next 24 hours, with a potential test of 0.01925 if bullish momentum resumes. Traders should be cautious of a breakdown below 0.01872, which could extend the correction to 0.0185 or lower. As always, monitor volume and RSI divergence for early signs of trend exhaustion.

Backtest Hypothesis
The MACD (12, 26, 9) strategy aims to identify potential trend entry points via Golden-Cross events, where the MACD line crosses above its signal line. Given the volatility and mixed momentum observed in the IDEXUSDT pair, the success of this strategy would depend heavily on accurate signal line crossovers and volume confirmation. The lack of current MACD data prevents immediate execution of the backtest, but historical data could be retrieved in smaller time frames to improve reliability. A manual entry of known Golden-Cross dates would also allow for a more efficient analysis. Once the data is secured, the results could provide insight into whether this indicator is effective in capturing bullish moves in IDEXUSDT.