$IDEX /USDT Price Analysis & Target on Binance
The $IDEX /USDT trading pair has shown a notable increase of +9.75% over the last 24 hours, with the current price at $0.06675. As IDEX gains traction in the market, particularly in the DeFi space, it has become an exciting asset for traders. In this analysis, we will take a closer look at the technical indicators, key levels, and price targets for IDEX/USDT on Binance.
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Key Market Data for IDEX/USDT
Current Price (IDEX/USDT): $0.06675
24h High: $0.06853
24h Low: $0.05859
Price Change (24h): +9.75%
24h Volume (IDEX): 295.79M IDEX
24h Volume (USDT): $18.82M
Sector: DeFi
In the past 24 hours, IDEX/USDT has witnessed a strong price increase of +9.75%, moving from a low of $0.05859 to a high of $0.06853. The trading volume of 295.79M IDEX (worth $18.82M USDT) shows robust interest and liquidity in the market, suggesting a high level of investor confidence, especially in the DeFi space.
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Technical Indicators Overview
Moving Averages (MA)
MA(7): $0.06475
MA(25): $0.06231
MA(99): $0.05901
The price of IDEX/USDT is currently trading above all key moving averages:
7-period MA (0.06475) is above the 25-period MA (0.06231), indicating bullish short-term momentum.
The 99-period MA (0.05901) lies well below the current price, supporting a longer-term uptrend.
These positive moving average alignments suggest that $IDEX
/USDT is in a strong uptrend, and the bullish sentiment is likely to persist in the near future.
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Support and Resistance Levels
Immediate Support: $0.06169 - $0.05859
Immediate Resistance: $0.06853 - $0.06903
Support Levels: The $0.06169 level is an important support zone to watch, with $0.05859 being the low from the past 24 hours. Should the price experience a pullback, these levels will likely act as buying opportunities for traders.
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