IDEX jumps 34% in 7 days: Can the hybrid DEX token push to $0.045?
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Key Takeaways
IDEX rallied over 30% up to now seven days, with the potential to increase the rally to 70% beneath optimistic situations. The DEX’s perpetual buying and selling quantity expanded 3x in 2025 to $1.5B.
Decentralized exchanges (DEXes) are making a killing as crypto buying and selling volumes get better.
Particularly, hybrid ones that blend person friendliness seen in centralized exchanges (CEXes) and safety of DEXes like Hyperliquid [HYPE], IDEX (now often known as Kuma), amongst others.
The truth is, the IDEX token has pumped 34% up to now seven days, reinforcing the market curiosity in hybrid DEXes. This raises the query: Is there extra upside for IDEX after final week’s beneficial properties?
Can bulls hunt for an additional 40%?
Supply: IDEX/USDT, TradingView
On the each day worth charts, the higher wick after the latest rally recommended a quick cool-off.
Nonetheless, the OBV (On Steadiness Quantity) has been in an ascending channel whereas worth motion was above the Q3 trendline assist (yellow).
In different phrases, bulls have a market edge except the value slips beneath the trendline assist. The rapid overhead hurdle was $0.045.
That might be a possible 42% acquire if hit, particularly if buying and selling volumes enhance forward of September charge reduce expectations.
If that’s the case, the $0.031 and $0.024 may very well be shopping for alternatives for the above goal. Nonetheless, a worth drop beneath the trendline assist (yellow) would invalidate the bullish thesis.
IDEX triples perps quantity
In response to DeFiLlama data, collectively, IDEX and Kuma variations have completed $1.5B in cumulative perpetual quantity as of September. That’s a 3x progress from the $500M seen in early 2025.
Supply: DeFiLlama
The traction might additional increase the demand for IDEX, additional reinforcing the bullish thesis if broader crypto buying and selling rebounds.
Even so, the speculative urge for food for IDEX dropped by practically 50%.
In response to CoinGlass, the Open Curiosity (OI) charge slumped from over $4 million to $2.4 million, underscoring a decline in demand within the by-product market.
Supply: CoinGlass
Total, the value chart recommended that IDEX’s uptrend might stretch to $0.045 beneath optimistic market situations.
Nonetheless, the speculative curiosity seen over the weekend had light, and the following transfer might depend upon Bitcoin’s [BTC] subsequent route.
Disclaimer: The knowledge offered doesn’t represent monetary, funding, buying and selling, or different forms of recommendation and is solely the author’s opinion
