🔍 IDEX/USDT Analysis – Quick Technical Overview $IDEX
We observe from the chart that the IDEX coin is experiencing a strong upward trend, with the price reaching 0.03879 USDT, up over +54% in the last 24 hours.
From the price movement, we notice that:
The price has surpassed all moving averages (MA5, MA10, MA60), indicating strong buying momentum.
The MACD indicator is in a positive zone, with a clear upward crossover reflecting the continuation of momentum.
Trading volumes are on the rise, supporting the strength of the upward movement.
Despite these positive signals, we also notice that:
The price has risen rapidly and vertically, which may indicate an approaching potential correction.
The coin is listed among the top gainers on Binance, increasing the likelihood of short-term speculation.
📌 It is better to wait for a retest of the support areas (0.032 – 0.034) before making a buying decision.
⚠️ Entering now carries risk due to overbought conditions.
