$IDEX Eyeing Support – Will Bulls Defend $0.02550?
IDEX/USDT is currently trading at $0.02556, down 8.42% for the day. After rejecting resistance near $0.02650, it’s testing a key support area with moderate buyer interest showing in the order book.
Resistance Zones:
• $0.02600 – First immediate resistance
• $0.02650 – Short-term breakout trigger
• $0.02730 – Bullish continuation level
Support Levels:
• $0.02550 – Holding as local support
• $0.02485 – 24h low and crucial base
• $0.02400 – Breakdown extension zone
Trade Plan – Bounce or Breakdown?
A bounce from $0.02550 may trigger upside targets:
• Target 1: $0.02600
• Target 2: $0.02650
However, failure to hold $0.02550 could open downside:
• Target 1: $0.02485
• Target 2: $0.02400
Bulls must step in now or risk losing short-term structure. Keep an eye on volume and lower timeframe closes.