$IDEX is currently trading close to the lower Bollinger Band at 0.016917.

This suggests potential for a bounce or reversals, indicating a possible buying opportunity.

The price is also hovering just above key support at 0.01643, which adds to its significance.

Volatility appears to be contracting, signaling lower price swings ahead.

A risk management strategy, such as setting a stop-loss at 0.01630, could protect against deeper losses.

Given these factors, consider waiting for confirmation or setting alerts for price movement above 0.01799.