$IDEX is approaching oversold conditions, with potential for a short-term bounce. However, the daily indicators show that while the overall trend has been bullish, there may be a cooling-off period as the Stochastic Oscillator moves lower and the MACD momentum weakens. Traders should be cautious about entering long positions without confirmation of a reversal in the shorter timeframes

A break above $0.04550 could lead to a rally toward $0.04610 and possibly higher if momentum builds, stop-loss around $0.04478 (daily low) would safeguard against a deeper retracement.

A failure to hold above $0.04510 could see the price retesting $0.04390 (lower Bollinger Band on the 1h chart), with further downside if selling pressure increases.

#IDEXUSDT #IDEX

**Note: All timeframes and indicator readings are as per the time of this post. Traders are advised to exercise due diligence before taking positions.