$IDEX IDEX/USDT Quick Market Update
Current Price: $0.09735 (-2.37%)
24H High: $0.11550
24H Low: $0.06134
📈 Market Highlights
1. Massive Volatility:
• IDEX saw a significant spike, touching $0.1155, but has since retraced to $0.09735.
• This sharp correction is typical after a parabolic move.
2. Technical Indicators:
• RSI (6): 89.03 - Extremely overbought, signaling a possible cooldown.
• MACD: Bullish momentum remains intact, but divergence suggests potential consolidation.
• OBV: Volume surge supports the recent rally, indicating strong interest.
3. Support Levels:
• Immediate support lies near $0.09, with stronger support at $0.067 (previous breakout level).
• Resistance near $0.115, the recent high.
💡 Suggested Strategy
• Short-Term Traders:
• Look for a bounce at $0.09 for quick scalping opportunities.
• Keep stop-loss tight below $0.085.
• Long-Term Holders:
• Accumulate on pullbacks if bullish momentum continues and volume remains elevated.
⚠️ Risk Note:
