๐ $IDEX ๐ฏโค๏ธ๐๐ผ
Technical Analysis: IDEX/USDT - January 5, 2025 ๐
Looking at the IDEX/USDT pair, we are seeing a strong bullish trend with a price of 0.07364 USDT, up +8.01% in the past 24 hours. Let's dive into some key technical levels and targets to watch!
๐ Key Data Points:
24h High: 0.07428
24h Low: 0.06646
24h Volume (IDEX): 121.14M
24h Volume (USDT): 8.53M
Current Price: 0.07364 USDT
๐ฎ Target 1: 0.07500
The first resistance level we are eyeing is 0.07500. If the bullish momentum continues, we expect a break above this level and further movement towards new highs.
๐ฎ Target 2: 0.07800
This level represents the next psychological resistance. A breakout past 0.07500 could lead to a test of 0.07800, which would signify a continuation of the uptrend.
๐ฎ Target 3: 0.08000
The final target we are watching is 0.08000, a significant level that aligns with key technical indicators, including the potential for strong support as the price continues to rise.
๐ Indicators to Watch:
Moving Averages (MA): Bullish sentiment with the price above key moving averages.
Exponential Moving Average (EMA): Trend remains strong, suggesting continued upward momentum.
Bollinger Bands (BOLL): Price approaching the upper band, signaling potential breakout.
MACD: Positive momentum on the MACD, confirming the bullish trend.
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