IDEX Rallies 155% as Bulls Likely to Clear April 2022 Highs

IDEX is table-topping at spot rates versus the USDT. The coin is up 155 percent, reversing from $0.03 and likely to clear April 2022 highs as the token bottoms up from all-time lows. Past Performance IDEX is spearheading the recovery, reading from the performance in the daily chart. After posting worrying dumps in early May 2022, pushing the token to new all-time lows, the recovery is on. Currently, IDEX is up an impressive 155 percent against the USDT, bouncing from around $0.04. IDEX Technical Analysis From the IDEXUSDT technical analysis, buyers have the upper hand. Notably, the surge of May 17 is with high trading volumes. This expansion confirms the bullish engulfing bar of May 13, which closed below the lower BB, pointing to undervaluation. Based on this candlestick arrangement, buyers may look to double down on every pullback, targeting April 2022 highs of $0.20. If bulls double down, breaking above $0.20, the coin could surge to $0.30, marking Q1 2022 highs. What to Expect from IDEX? Buyers are back in control, reversing the losses of early May. The coin could easily tear higher at this pace, adding another 150 percent as it rallies to new 2022 highs.The post IDEX Rallies 155% as Bulls Likely to Clear April 2022 Highs appeared first on Cryptoknowmics-Crypto News and Media Platform.