IDEXUSDT Forming Descending TriangleIDEXUSDT is currently forming a descending triangle pattern, which is a well-known technical setup often leading to sharp breakouts when confirmed. Despite its traditionally bearish reputation, this pattern can also resolve to the upside in bullish market conditions—especially when accompanied by growing volume and accumulation signals. With volume looking solid, this chart structure could set the stage for a strong move soon.
The price has been coiling within the triangle, squeezing tighter near the support zone, indicating that volatility is compressing and a breakout is likely imminent. Investors appear to be taking notice, with consistent interest seen during consolidation phases. If the resistance line is breached with volume confirmation, IDEXUSDT may see a price expansion toward the projected 80% to 90% upside range.
This pattern offers a solid risk-to-reward setup for traders who understand how to position around potential breakout zones. As the broader market strengthens, coins like IDEXUSDT that are technically coiled tend to outperform. Keep an eye on a decisive move above the horizontal resistance line, backed by a volume surge, to validate the bullish reversal.
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