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 December 05, 2023, IDEX is trading at approximately 0.06449 USDT. Let’s dive into the detailed price action for IDEX-USDT:
- Open (O): The opening price for today’s trading session was approximately 0.06203 USDT.
- High (H): IDEX reached a daily high of around 0.0673 USDT.
- Low (L): The daily low for IDEX-USDT was approximately 0.05979 USDT.
- Close (C): At the time of analysis, IDEX is trading near its daily close of 0.06449 USDT.
|1D Change (%)||3.98%|
|3D Change (%)||6.90%|
|7D Change (%)||12.94%|
|30D Change (%)||18.50%|
|90D Change (%)||30.10%|
|YTD Change (%)||76.68%|
Over the past three days, IDEXUSDT has increased by approximately 6.90%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 12.94%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with IDEXUSDT maintaining an upward trend of approximately 18.50%, despite intermittent fluctuations. Examining the last 90 days, IDEXUSDT has witnessed substantial increase of approximately 30.10%, reflecting strong long-term confidence. Year-to-date, IDEXUSDT has steadily appreciated by around 76.68%, 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 0.7011.
- Momentum score is 0.18504.
IDEX USDT Technical Analysis
IDEX Trading Volume:
The trading volume for IDEX (IDEX) over the past 24 hours has been significant, with approximately 46,861,020.40 USDT traded against IDEX. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): IDEX is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): IDEX is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for IDEX-USDT is currently in the high zone, around 61.44769. This suggests that IDEX is in bullish territory.
Analysis from TradingView:
Our Key Takeaways:
IDEX (IDEX-USDT) is currently exhibiting signs of short-term bullish 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 high RSI and significant trading volume are high signals for potential upward movement.
Embrace upward trends for IDEX (IDEXUSDT) at 6.45e-02 USDT as bullish technical analysis confirms robust support and promising indicators.
For a deeper dive into the subject, don’t miss our comprehensive analysis on IDEX BTC IDEX Technical Analysis if you found this post intriguing.
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.