In this IDEX technical analysis, we will examine the current price action, trading volume, key levels and indicators for IDEX-BTC. 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 liquidity pools, IDEX provides a highly efficient and secure trading experience for users. Additionally, IDEX’s modular architecture allows for the integration of new features and assets, making it a versatile platform for the future of decentralized finance (DeFi).
IDEX Price Overview:
As of May 05, 2024, IDEX is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for IDEX-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 628,845.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): IDEX reached a daily high of around 0.0 BTC.
- Low (L): The daily low for IDEX-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, IDEX is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 4.17% |
| 3D Change (%) | 1.01% |
| 7D Change (%) | 1.01% |
| 30D Change (%) | -18.03% |
| 90D Change (%) | -8.26% |
| YTD Change (%) | -29.08% |
Over the past three days, IDEXBTC has risen by approximately 1.01%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 1.01%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with IDEXBTC maintaining a downward trend of approximately -18.03%, despite intermittent fluctuations. Examining the last 90 days, IDEXBTC has witnessed substantial fall of approximately -8.26%, reflecting strong long-term confidence. Year-to-date, IDEXBTC has steadily dropped by around -29.08%, 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-BTC 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 0.48914.
- Momentum score is 0.06383.
IDEX BTC Technical Analysis
IDEX Trading Volume:
The trading volume for IDEX (IDEX) over the past 24 hours has been insignificant, with approximately 628,845.00 BTC 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-BTC is currently in the neutral zone, around 45.63915. This suggests that IDEX is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
IDEX (IDEX-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Clearly see IDEX’s (IDEXBTC) bullish trend at 1.00e-06 BTC through detailed technical analysis, highlighting strong support and promising indicators.
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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.