⚠️ $IO /USDC DUMPED HARD AFTER SPIKING TO $0.767 – IS THIS THE RETEST ZONE?
After surging to $0.767, IO has sharply pulled back and is now consolidating near $0.681, testing key support.
This sharp move could be a bull trap, or… a healthy correction before another leg up. Smart traders are watching closely!
📉 Current Status:
• High: $0.767 (4H wick)
• Now: $0.681
• Support to Watch: $0.677
📈 Upside Recovery Targets (if bounce occurs):
🔹 Target 1: $0.710 – Minor resistance
🔹 Target 2: $0.738 – Local consolidation top
🔹 Target 3: $0.767 – Previous wick high
👉 Watch the 4H close. If it holds above $0.677 with rising volume, the bulls might take back control.
Is this the dip before the rip? Or are lower levels coming? Let the chart speak!