$IO IO/USDT Gains 6.01%, Eyeing Key Resistance at $3.036 ๐
The IO token has surged by 6.01%, currently trading at $2.893. After hitting a 24-hour high of $3.036, the token is showing signs of bullish momentum, making it one to watch closely in the infrastructure category.
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Key Metrics:
24H High: $3.036
24H Low: $2.722
Volume: 19.13M USDT
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Trade Setup:
Immediate Resistance: $3.036
Support Zone: $2.750
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Targets:
1๏ธโฃ Short-Term: $3.100
2๏ธโฃ Mid-Term: $3.250
3๏ธโฃ Long-Term: $3.500
Stop Loss: $2.700 (to mitigate downside risks).
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Why the Surge?
1๏ธโฃ Infrastructure Momentum: Growing interest in projects focused on building the blockchain ecosystem.
2๏ธโฃ Volume Surge: High trading volumes indicate strong buying pressure.
3๏ธโฃ Technical Setup: A breakout above $3.036 could trigger further gains, attracting additional interest.
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๐ Traders, watch for a breakout above $3.036 for confirmation of continued upward momentum. Keep stop losses tight as volatility remains in play.
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