The DEX platform Idex has been making progress in the cryptocurrency market lately, leading to increased attention from traders. Notably, the prices of the native token - IDEX - experienced an increase by more than 20% in value. This shows that buyers are currently in control of the market, which may continue its positive trend into the future. This is suggested by the increment in trading volume of IDEX tokens to $213,081,500, a 3.19% increase, as well as a revival of prices to a level 66.78% higher than the price a week ago.

Various analysis confirm the current bullish movement in the Idex market. The Relative Strength Index (RSI) is currently above its SMA, indicating that the bull trend could persist in the near future. The RSI line is signalling a possible price reversal, as it has reached the “80” level, which could indicate that the prices are in the overbought region. The Bollinger Bands (BB), which show market volatility, are widening and the current market price is below the upper band, signaling that bullishness could continue in the hours ahead. The chart’s Moving Average Convergence Divergence indicator is also currently above its signaling, and the trajectory histogram on the positive side is a further sign that the bulls might stay in control in the near future.

These signs may imply that Idex is on the path to increase its value, and buyers may remain in control during the coming hours. The bullish optimism displayed may lead to the settlement of new highs in the Idex market.



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