The IO/USDT pair is displaying positive momentum, trading at $2.405, a 5.34% increase in the last 24 hours. After rebounding from its 24-hour low of $2.223, the pair is nearing critical levels that could dictate its next move.
📊 Price Overview:
24h High: $2.510
24h Low: $2.223
Current Price: $2.405 (+5.34%)
The price action has shown consolidation between the day’s high and low, setting the stage for a potential breakout or reversal. Here are three key levels to monitor:
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🎯 Target Levels to Watch:
1. $2.492 (SAR Resistance):
The Stop and Reverse (SAR) indicator highlights $2.492 as a resistance level. Breaking this resistance could confirm a continuation of the uptrend, with the price moving toward higher levels.
2. $2.510 (24h High):
The current 24-hour high at $2.510 is a significant resistance point. A breakout above this level, supported by strong volume, could push the price toward the next psychological level at $2.572.
3. $2.223 (Support Zone):
The recent low of $2.223 acts as strong support. A breakdown below this level may trigger a bearish move, potentially testing the next support at $2.190. Traders should watch for a reversal or further downside momentum near this area.
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💡 Takeaways:
Bullish Scenario: Breaking above $2.492 and $2.510 may lead to further gains, with the next targets at $2.572 and beyond.
Bearish Scenario: A breakdown below $2.223 could signal a retracement to $2.190.
Monitor volume and price action closely for confirmation of the next trend.
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