$IDEX /USDT has printed a strong bullish daily candle, gaining over 24% and rebounding sharply from the $0.0060 demand zone. The move appears technically significant because it follows a prolonged downtrend structure where lower highs and lower lows dominated price action.
From a technical perspective, several constructive developments are visible:
First, price reclaimed the short-term moving average (MA7) and pushed above MA25. This crossover region often acts as an early momentum signal when accompanied by expansion in trading volume. In this case, volume has increased meaningfully, indicating active participation rather than thin order book volatility.
Second, the recent low at approximately $0.00603 appears to be forming a potential short-term base. The strong bullish impulse from that level suggests buyers stepped in aggressively at demand. If price establishes higher lows above $0.0070, it may confirm short-term structural improvement.
Key technical levels to monitor:
• Immediate resistance: $0.0095 (recent 24h high)
• Psychological resistance: $0.0100
• Short-term support: $0.0071–$0.0068 (MA zone)
• Major demand: $0.0060
If IDEX sustains above MA25 and builds consolidation under $0.0095 before breaking upward, continuation toward the $0.0100–$0.0120 region becomes structurally possible. However, sharp vertical candles sometimes lead to temporary retracements as early buyers secure profits.
The broader trend (MA99 still overhead) indicates that macro recovery is not yet fully confirmed. For a stronger structural shift, price would need sustained acceptance above longer-term averages.
In summary, IDEX is demonstrating renewed short-term momentum supported by volume expansion. The next sessions will be critical to determine whether this is a sustainable reversal attempt or a short-term reaction bounce within a larger corrective structure.
Not financial advice.