$IDEX /USDT Technical Analysis Summary (as of 2025-08-02):
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๐ Price Overview:
Current Price: $0.02927
24h Change: +16.34% ๐
24h High / Low: $0.03995 / $0.02455
Trading Volume (24h):
$IDEX : 702.13M
USDT: 22.22M
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๐ Moving Averages (MA):
MA(5): $0.03056
MA(7): $0.02988
MA(10): $0.02889
MA(25): $0.02889
MA(99): $0.02709
๐ Interpretation: Price is above all key short and long-term MAs โ Bullish signal.
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๐ Volatility & Momentum Indicators:
Bollinger Bands: Widened โ indicates increased volatility.
MACD (Moving Average Convergence Divergence): Likely showing bullish crossover given recent upward momentum.
RSI (Relative Strength Index): Not listed but likely moving into or near overbought territory given +16% spike.
Volume: Strong and above MA(10) average (18M vs 17.88M) โ supports bullish breakout.
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๐ Trend Analysis:
Short-Term Trend: Bullish
Medium-Term Trend: Turning Bullish
Long-Term Trend: Still Neutral โ needs more sustained movement above $0.03+
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๐ง Key Resistance Levels:
$0.03056 (MA5 / local horizontal resistance)
$0.03394
$0.03733
$0.03995 (24h high)
๐ก๏ธ Support Levels:
$0.02717 (near-term support)
$0.02455 (24h low)
$0.02378 (stronger previous support)
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๐ Conclusion:
IDEX has shown a strong bullish move (+16% daily), breaking above its key moving averages with strong volume. However, it's nearing resistance at $0.03056. A successful close above $0.031 on high volume may trigger a move toward $0.034โ$0.038. A failure to hold support at $0.027 could see a short-term correction.
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