Idex / Usdt

BINANCE:IDEXUSDT Currently, the price of the index is at 0.05372 and is holding within a resistance zone. If the price breaks above this resistance level, the next significant resistance would be at 0.06832. This implies that if the price surpasses 0.05372, it could potentially rise further, encountering the next resistance at 0.06832, where selling pressure might increase. Conversely, if the price fails to hold above the 0.05372 level and starts to decline, the first key support level to watch is 0.04390. This support level indicates a price point where buying interest may emerge, potentially halting or slowing down the downward movement. If the price breaks below 0.04390, the next support zones to monitor are 0.03874 and 0.03333. These levels represent areas where the price could find additional buying interest, but if these are also breached, the price may continue to decline further. Understanding these levels is crucial for making informed trading decisions. Resistance levels indicate potential areas where prices might face downward pressure, while support levels signify potential points where prices might stabilize or reverse direction. Disclaimer : I Am Not Financial Adviser