Infinex is a highly anticipated "next-gen" DeFi super-app founded by Synthetix creator Kain Warwick. Following its Token Generation Event (TGE) on January 30, the price reached an all-time high of approximately $0.033 but has since faced a sharp correction as early airdrop recipients and ICO investors took profits.
Today, the price hit a fresh all-time low near $0.0132. Despite this initial sell-off, fundamental support is growing with official listings on major platforms like Coinbase, Kraken, and KuCoin.
Trade Setup: INX/USDT (Long / Scalp)
BP (Buying Price): $0.0132 – $0.0140 (Entry at the current all-time low where the price is finding initial support).
Leverage: 2x – 3x (Maximum caution advised; new tokens are extremely volatile during their first few days of price discovery).
SL (Stop Loss): $0.0125 (Placed just below the recent support floor to minimize risk).
TP (Take Profit Targets)
Target 1: $0.0160 (Immediate 24-hour resistance level).
Target 2: $0.0210 (Previous local peak and psychological recovery level).
Target 3: $0.0270 (Major resistance before the all-time high).
Why this trade?
Strong Institutional Backing: Unlike many recent launches, INX secured Coinbase and Kraken listings within hours of TGE, which provides the liquidity needed to absorb early sell pressure.
Revenue Utility: The INX token isn't just for governance; holders are entitled to 40% of the platform's net cash flow distribution, providing a "yield-generating" floor for the price.
Deflationary Pressure: A new revenue-driven buyback mechanism has been introduced to help stabilize the token's value by using platform fees to purchase INX from the market.
Trader's Note: Watch for official confirmation of Binance Futures rumors. Unverified reports of a 50x leverage contract caused massive volume spikes today, and an official announcement could trigger a rapid recovery rally.
