At the time of writing, IDEX is being traded at the rate of $0.1965 with an increase of almost 66.53% within the last 24 hours. It is one of the top gainers on Binance.
The low within this tenure was around $0.2246 and the high was approximately $0.1177. The coin as being in the watchlist of many traders makes it rank all the way up to number 333th according to the latest data released by coin market cap.
IDEX made its all-time high in the month of September 2021 when it reached an enormous amount of $1.69. At the moment it has a daily volume of $231,825,820 with an increase of about 1508% within the last 24 hours. The total supply of IDEX is now around 1B and the circulating supply is also 635M. The top exchanges for trading it are currently Binance, Huobi Global, Mandala Exchange.
Technical Analysis
IDEX has been one of the bearish coins in the past. The price had been continuously decreasing since its launch. Now the price has shown strength and we have seen huge momentum after the Asian time zone came.
Now during the creation of the bottom of the price, IDEX created a supply zone that remained unmitigated for a long time. On the 4H time frame, we can see that the price continued to drop down from that level but eventually showed signs of reversal and went on to print a gigantic green candle.
Now the price of IDEX is at an indecisive area. It is near the supply zone that caused the drop. If the price can stay above this area we can look for a long position at the price. If the price fails to hold then we look for a short position which would drop it down to the imbalance present below.
Price Prediction – IDEX
IDEX has had a very beautiful start during the month of September 2021. The price touched its all-time high on 9th September but after that, the price continued to drop down and we saw a continued decrease in the price. Today even though the price has increased by 66% but it’s far from its all-time high.
According to wallet investor the price is to reach a value of $0.344 in one year. In five years, the price is expected to reach a value of $1.234.
