$IDEX /USDT Technical Analysis: 📉🔴🛑

Current Price: $0.04893

Resistance: $0.05400

Support: $0.04500

The recent price action suggests that $IDEX has hit strong resistance around the $0.05400 level. The price has started to pull back, indicating the potential start of a downtrend from this resistance zone. If the downtrend continues, watch for the price to test the $0.04500 support level. A break below this support could lead to further declines. Traders should be cautious and monitor these levels closely, as the market sentiment appears to be shifting bearish. Stay vigilant and manage your trades carefully.

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