🔴 $IO Performance Analysis and Outlook 🔴
IO has been showing a strong performance, holding a major support level at 3.08. The current resistance stands at 3.71. In the short term, IO has seen an impressive increase of 23% in just the last three days. Being one of the newly launched tokens on Binance, IO is showing promising upward trends. The next resistance is anticipated around 4.02, with an all-time high recorded at 6.52.
The candlestick pattern suggests a potential bullish hammer daily and a trend reversal. Despite the price being stuck below the major resistance zone at 3.600$, the H4 chart and daily charts appear to have bottomed.
In the short term, the price could revisit the 3.350$ - 3.300$ support. However, if there is a successful breakout of the 3.700$, the volume and buy pressure are expected to increase, potentially driving the price higher.
Investors should keep an eye on the major downtrend. The upper key resistances to watch are at 3.800, 3.950, 4.250, and 4.700$.
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