In this IDEX technical analysis, we will examine the current price action, trading volume, key levels and indicators for IDEX-USDT. IDEX is a decentralized exchange (DEX) built on the Ethereum blockchain that enables users to trade a variety of assets in a trustless and permissionless manner. With its innovative use of off-chain transactions and layer 2 scaling solutions, IDEX offers fast and secure trading experiences for users. Additionally, IDEX’s unique liquidity pool system ensures that there is always enough liquidity for users to trade with confidence.
IDEX Price Overview:
As of May 13, 2024, IDEX is trading at approximately 0.05862 USDT. Let’s dive into the detailed price action for IDEX-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.05854 |
| High (H) | 0.05986 |
| Low (L) | 0.05564 |
| Close (C) | 0.05862 |
| Volume (C) | 24,657,079.10 |
- Open (O): The opening price for today’s trading session was approximately 0.05854 USDT.
- High (H): IDEX reached a daily high of around 0.05986 USDT.
- Low (L): The daily low for IDEX-USDT was approximately 0.05564 USDT.
- Close (C): At the time of analysis, IDEX is trading near its daily close of 0.05862 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.17% |
| 3D Change (%) | -2.28% |
| 7D Change (%) | -7.66% |
| 30D Change (%) | 3.08% |
| 90D Change (%) | 8.12% |
| YTD Change (%) | -1.81% |
Over the past three days, IDEXUSDT has declined by approximately -2.28%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -7.66%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with IDEXUSDT maintaining an upward trend of approximately 3.08%, despite intermittent fluctuations. Examining the last 90 days, IDEXUSDT has witnessed substantial rise of approximately 8.12%, reflecting strong long-term confidence. Year-to-date, IDEXUSDT has steadily decreased by around -1.81%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
IDEX Live Chart:
You can access a live price chart for IDEX-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.51764.
- Momentum score is -0.11464.
IDEX USDT Technical Analysis
IDEX Trading Volume:
The trading volume for IDEX (IDEX) over the past 24 hours has been insignificant, with approximately 24,657,079.10 USDT traded against IDEX. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): IDEX is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): IDEX is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for IDEX-USDT is currently in the low zone, around 44.31016. This suggests that IDEX is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
IDEX (IDEX-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Explore potential downturns for IDEX (IDEXUSDT) at 5.86e-02 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.
Don’t overlook our detailed insights on IDEX BTC IDEX Technical Analysis if you found this post captivating; it’s a must-read for further exploration.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.