#IOUSDT Technical Analysis in an 8-hour Timeframe

21 thg 9

IO has broken above the resistance trendline and is currently retesting it. The 50 EMA is holding the price, perfectly aligning with the resistance trendline.

If the price rebounds from the current market price (CMP), we can expect a rally up to $3.095, representing a 66% gain. However, if the price drops, the lower support between $1.31 and $1.48 will be a good accumulation range for IO.

Key levels:

- Primary Support: 50 EMA at $1.816.
- Entry: A rebound confirmation from $1.816 support.
- Lower Support/Accumulation: $1.31 to $1.48.
- Initial Target: $3.
- Higher Target: $6.

DYOR, NFA.

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Thank you.

#IO #Crypto