🔎Latest updates on $IDEX

💹 A look at the 24-hour chart shows $IDEX with a decline of -11.34%, extending its weekly losses and signaling continued bearish pressure on the decentralized exchange token.

🛡️ According to CoinMarketCap, the drop is linked to a combination of technical weakness and cooling demand in the derivatives market. Open interest for IDEX perpetuals has fallen, reducing speculative fuel and liquidity for the token.

📈 Technical analysis from CoinMarketCap confirms the bearish outlook, as IDEX trades below all its key short-term and long-term moving averages. The RSI is approaching oversold territory, but without a bullish catalyst, the price could test the next major support at $0.0229.

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⚠️ Remember that every investment decision is personal, and this content does not constitute financial advice.
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