IDEX jumps 34% in 7 days: Can the hybrid DEX token push to $0.045?
The post IDEX jumps 34% in 7 days: Can the hybrid DEX token push to $0.045? appeared on BitcoinEthereumNews.com.
Journalist Posted: September 3, 2025 Key Takeaways IDEX rallied over 30% in the past seven days, with the potential to extend the rally to 70% under positive conditions. The DEX’s perpetual trading volume expanded 3x in 2025 to $1.5B. Decentralized exchanges (DEXes) are making a killing as crypto trading volumes recover. In particular, hybrid ones that mix user friendliness seen in centralized exchanges (CEXes) and security of DEXes like Hyperliquid [HYPE], IDEX (now known as Kuma), amongst others. In fact, the IDEX token has pumped 34% in the past seven days, reinforcing the market interest in hybrid DEXes. This raises the question: Is there more upside for IDEX after last week’s gains? Can bulls hunt for an extra 40%? Source: IDEX/USDT, TradingView On the daily price charts, the upper wick after the recent rally suggested a brief cool-off. However, the OBV (On Balance Volume) has been in an ascending channel while price action was above the Q3 trendline support (yellow). In other words, bulls have a market edge unless the price slips below the trendline support. The immediate overhead hurdle was $0.045. That would be a potential 42% gain if hit, especially if trading volumes increase ahead of September rate cut expectations. If so, the $0.031 and $0.024 could be buying opportunities for the above target. However, a price drop below the trendline support (yellow) would invalidate the bullish thesis. IDEX triples perps volume According to DeFiLlama data, collectively, IDEX and Kuma versions have done $1.5B in cumulative perpetual volume as of September. That’s a 3x growth from the $500M seen in early 2025. Source: DeFiLlama The traction could further boost the demand for IDEX, further reinforcing the bullish thesis if broader crypto trading rebounds. Even so, the speculative appetite for IDEX dropped by nearly 50%. According to CoinGlass, the Open…
Filed under: News - @ September 3, 2025 2:29 am