๐ฅ $IDEX /USDT Daily Chart Analysis โ Is a Bigger Move Brewing? ๐งจ
๐ย Current Price:ย $0.02679
๐๏ธ Timeframe: 1D
๐ Daily Change: +1.63%
IDEX just bounced from a short-term support and is holding a modest uptrend after months of grind. Letโs decode the vibes:
๐งฌย Moving Averages:
MA7: $0.02663 โ โ ๏ธ hugging the price closely
MA25: $0.02781 โ ๐ป still overhead resistance
MA99: $0.02331 โ โ
acting as dynamic support
๐ Price is currently sandwiched between short-term resistance and long-term support, signaling a decision zone.
๐งฑย Support Levels:
๐ก๏ธ $0.0255 โ recent bounce area
๐ก๏ธ $0.0233 (MA99) โ must hold for macro structure
โ ๏ธ $0.0215 โ breakdown danger zone
๐ย Resistance Levels:
๐ $0.0280โ0.0300 โ historical supply zone
๐ $0.0350 โ last breakout high (August spike)
๐ $0.0450+ โ momentum breakout target
๐ง ย Technical Outlook:
Higher low structure forming since early July โ๏ธ
Price is attempting to reclaim MA25 โ a daily close above could bring short squeeze volatility
Consolidation forming a rounded base โ suggests accumulation
๐งจย TL;DR:
IDEX is consolidating above key support and may be gearing up for a trend reversal, but needs to flip the $0.028โ0.030 zone with volume to confirm liftoff.
Staying above MA99 = safe zone โ
Rejection below $0.025 = wait for retest โ ๏ธ
