📊 Technical Analysis: $IDEX

/USDT on Binance

$IDEX is gaining attention as it emerges as a top DeFi performer with an 11.44% surge in the past 24 hours. Here's a breakdown of its potential movement based on key technical levels:

Current Price: $0.07551 (+4.24%)

🎯 Targets to Watch:

1. Target 1: $0.08000

Resistance Zone: If volume continues to increase, this level could be tested soon. A breakout above $0.08000 may signal further bullish momentum.

2. Target 2: $0.08500

Next Major Resistance: Achieving this level may bring a wave of new buying interest, strengthening IDEX's uptrend.

3. Target 3: $0.09000

Stretch Target: If market sentiment remains strong and no major rejections occur, $0.09000 could be on the horizon, marking a significant 20% move from the current price.

Key Indicators:

Support Levels: $0.07000 and $0.06500 provide strong downside protection.

Volume: High trading volume at $22.60M indicates strong market activity.

Monitor closely for breakouts and retracements to time your entry points. Let us know your thoughts—bullish or bearish? 🐂📉