$IO $IO
$IO /USDT Analysis
Current Price: $1.69 (+12.87%)
24h Range: Low $1.494 – High $1.750
Volume: 24h Vol(IO): 11.89M; 24h Vol(USDT): 19.45M
Key Moving Averages
MA(7): $1.603 – short-term support level
MA(25): $1.534 – medium-term support level
MA(99): $1.716 – a significant resistance level from a longer-term perspective
{spot}(IOUSDT)
The price is trading above both the 7-day and 25-day MAs, indicating bullish sentiment in the short term. The 99-day MA at $1.716 acts as the first resistance level.
Technical Indicators
MACD: A positive MACD divergence suggests momentum may continue upward.
Bollinger Bands: Price is near the upper band, showing volatility and potential for a reversal or continued breakout.
SAR: The SAR position below the current price supports the ongoing upward trend.
Key Levels
Immediate Support: $1.60 (near MA(7))
Primary Resistance: $1.716 (MA(99))
Secondary Resistance: $1.750 (24-hour high)
Trade Setup
Entry Zone: Around $1.62 - $1.65, closer to the 7-day MA to reduce entry risk.
Target Levels:
First Target: $1.716 (aligns with MA(99) and resistance)
Second Target: $1.750 (24-hour high, next level to watch if resistance breaks)
Stop-Loss: Set at $1.53, just below the 25-day MA, to protect against downside volatility.
Summary
The recent price movement and volume suggest bullish momentum, with potential to test the $1.716 resistance level. If the price breaks above $1.716 and sustains, a move toward $1.750 could occur. Failure to hold above the 7-day MA of $1.60 could weaken the short-term trend.
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