$IO Price Overview
Current Price: $3.104
24H High: $3.159
24H Low: $2.798
24H Volume: 9.77M (IO), 29.41M (USDT)
Daily Change: +8.7%
Market Insights
IO/USDT continues to exhibit strong bullish sentiment, with the pair achieving a 10.42% increase in price over the past 24 hours. The price is approaching the key resistance level at $3.15, supported by growing trading volume, indicating sustained market interest.
Key Technical Levels
Immediate Resistance: $3.15
A breakout above this level could signal further upward movement.
Support Zone: $3.00
Holding above this level will be critical to maintaining bullish momentum.
Trading Strategy
Entry Range: $3.10 - $3.15 (anticipating a breakout).
Targets:
Target 1: $3.30
Target 2: $3.45
Stop Loss: Below $2.95 to manage downside risk.
Pro Tip:
A confirmed breakout above $3.15 with significant volume could initiate a robust continuation rally. Traders are advised to monitor for retracements, which could provide better entry opportunities.
This setup reflects a strong bullish outlook, with favorable risk-to-reward potential for active traders.
