š§ IDEX +38.55% in 24h! The DEX that roared back!
What made this forgotten gem explode nearly 40% in a single day?
š Technical Analysis
IDEX broke its bearish structure cleanly, surpassing $0.035, and reached $0.0408 with a powerful engulfing candle. The RSI is at 68 with strength, and the MACD has just made a bullish crossover. The 20-day EMA has tilted upwards for the first time since April. Explosive and growing volume.
š Key Indicators
RSI: 68 ā Bullish with room
MACD: Confirmed crossover
EMA 20 > EMA 50 ā First time in weeks
š§ Fundamental Analysis
IDEX is the first hybrid DEX in the market: combining the best of CEX (limit orders, speed) with the security of DEX. In 2024, they launched support for L2s like Arbitrum and Base, attracting traders fleeing from Ethereum's gas fees.
š What triggered the rally?
New integrations with L2 networks (Arbitrum + zkSync)
Listing on multi-network wallets like Rabby and Leap
Rumors of an incentive campaign for LPs
š” Conclusion
IDEX is back on the radar with strength. It is entering price discovery mode if it surpasses $0.042, and it could have an interesting upside if volumes hold. A DEX with a solid base, real technology, and a trending narrative.
š£ Are you getting on the hybrid DEX train or waiting for confirmation? Read the charts, make your plan, and share your play!
#IDEX #DeFi #BinanceES
#CriptoTraders #CryptoScamSurge