IDEX Token Surges 34%, Eyes $0.045 Resistance
The IDEX token rallied 34% in seven days as hybrid DEX trading volumes recover. Perpetual volume on IDEX tripled to $1.5 billion in 2025, up from $500 million, reinforcing demand for the hybrid DEX model. On-chain indicators show price action holding above Q3 trendline support while On Balance Volume (OBV) climbs in an ascending channel. The primary resistance sits at $0.045, a 42% upside from current levels. Key support zones at $0.031 and $0.024 may offer entry points ahead of a potential rate cut. However, open interest dipped from $4 million to $2.4 million, signaling weaker speculative appetite. Overall, the outlook for the IDEX token remains bullish if crypto volumes continue to rebound.
Bullish
IDEX token’s 34% rally, tripled perpetual trading volume, and rising OBV above trendline support suggest strong buying momentum. The $0.045 resistance offers clear upside. Although open interest fell, volume growth on hybrid DEX platforms often precedes sustained rallies. If broader crypto volumes rebound, IDEX token could see further gains. Historically, DEX tokens have extended rallies when on-chain metrics align with technical support, indicating a bullish market impact in both the short and medium term.