SuryaVyas

IDEXUSDT Analysis

Long
BINANCE:IDEXUSDT   IDEX / TetherUS
IDEX, the oldest DEX in crypto came up with the announcement of XChain (ZkEVM L2) on July 6th. With it's private testnet ongoing and incentivized public testnet announcement due anytime, it gives us the probabilities of a massive pump.
FA supporting it in case of an airdrop by using the L2 OR a 1:1 ratio with IDEX, also with the current trend of DEX and L2s, it has a win win chances.
TA wise it is at the critical level where it pumped 270% in April/May. Also it is breaking out in 1D and 4HR TF respectively, with a minor resistance at 0.062$. With some volume at this low market cap, I expect a realistic target of T1- 0.077$ AND T2- 0.105$ in the next few weeks.

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