- IDEX has broken out of a long accumulation phase and could rally toward $0.050–$0.055 if buying momentum continues strongly.
- Analysts see the breakout above $0.027 as a bullish signal with previous resistance now acting as support to fuel higher targets.
- Traders expect more upside as market confidence improves though profit-taking near resistance levels could slow the rally.
IDEX has broken out of a prolonged accumulation phase. After months of consolidation between $0.017 and $0.027, the token surged decisively above this key range.
This breakout, according to analysts, validates purchasing demand and may support a rise toward the $0.050–$0.055 range. The market’s perception of IDEX has changed, and many people anticipate that a new bullish cycle will emerge in the upcoming weeks.
In addition, the breakout comes after a few months of low trading activity in which buyers and sellers kept an erratic equilibrium. There was no fluctuation in the price action of this accumulation zone, indicating that supply was being progressively absorbed by stronger hands. The most recent push over resistance, however, suggests increasing momentum and a possible shift in the market’s structure.
Analysts Eye Bullish Targets
Kamran Asghar, a respected market analyst, pointed out that the breakout sets the stage for upside. He noted that momentum has returned and that the technical structure now supports higher targets. Moreover, previous resistance at $0.027 may act as strong support moving forward. Traders now watch the $0.050–$0.055 range as the next critical area.
Source: Kamran Asghar
Additionally, the breakout came despite a slight 5.45% price decline in the previous period. This shows the market quickly regained strength and invalidated short-term weakness. Hence, buyers have taken control, and many expect follow-through buying pressure to drive prices higher.
Unusual Price Action Noted
Interestingly, analysts highlighted unusual historical price behavior that preceded the breakout. Tether’s USDT chart, which served as a comparison, showed abnormal volatility from late 2024 to early 2025. Its price spiked 140% before collapsing into a prolonged accumulation phase. This unusual pattern mirrors IDEX’s recent consolidation and breakout.
Moreover, market participants believe similar supply-and-demand dynamics could now favor IDEX. The token’s ability to hold the accumulation zone for months strengthened the bullish case. Consequently, buyers may continue to push prices upward as market confidence improves.
Traders remain optimistic but also cautious. While technical indicators favor a rally, sustainable growth depends on continued buying support. Additionally, profit-taking could increase as prices approach upper resistance zones.
