Okay, let's figure out why the price of IDEX has risen by 20.92% in the last 24 hours. First, we will analyze all available data and news to determine the key factors.
Let's start with the price indicators: IDEX has risen by 20.92% in the last day — a significant increase. Trading volume has increased by 987.22%, indicating active trading. Market capitalization is around $29 million, so even moderate trading volume can significantly impact the price.
Regarding news, there are several fresh articles from late July 2025. One of them mentions that IDEX has exited the accumulation zone, which lasted several months in the range of $0.017 to $0.027 by the end of July. The price sharply jumped above $0.030, but then there was volatility and a short-term drop. However, the last jump in 24 hours may be a continuation of this breakout. The article also highlights high trading volume and the absence of correction, which may indicate strong buyer interest.
Another news from July 7, 2025, reports that Binance has added IDEX to the Monitoring Tag list, which initially caused a price drop. However, the recent increase may be a recovery after this incident, especially if the project team has resolved issues or traders expect a return of activity.
Technical analysis in the news indicates a breakout target in the range of $0.050–$0.055. The current price is $0.0301, so traders may expect to reach this mark. The high turnover ratio (volume/market capitalization) of 3.23 indicates sufficient liquidity, which supports price movement.
Also, looking at the overall market indicators, the crypto market is in a neutral mood, but the altcoin season index stands at 35, which is 45.83% higher than the figure 30 days ago. This may indicate a redistribution of investments in altcoins, which is favorable for IDEX. At the same time, Bitcoin dominance remains high at 61.42%, so the signal is mixed.
Regarding tokenomics, large holders (whales) control 79.41% of the total supply. If they accumulate tokens, it could push the price up. However, such concentration also carries risks if they decide to sell.