$IO /USDT Technical Analysis Report

It's best time to Invest in It

As of the latest 15-minute interval, $IO is trading at $3.799, reflecting a 3.65% decline. The 24-hour high and low are $4.116 and $3.675, respectively, indicating a volatile trading range. Current trading volume stands at 32.64M for IO and 126.55M for USDT.

Analyzing the moving averages, the MA(7) is at $3.849, MA(25) at $3.931, and MA(99) at $3.862. This suggests a short-term bearish trend as the price is below the shorter-term moving averages. The recent price action shows a drop from a high of $4.116, with significant resistance around the $3.982 level.

Volume analysis reveals a total volume of 288,835.89, with the highest volume spikes aligning with price drops, indicating selling pressure. The bid-ask spread shows 40.68% bids at $3.799 and 59.32% asks at $3.800, highlighting slight selling dominance.

On the order book, there's notable support at $3.799 with large bids totaling 43.89 and strong resistance at $3.800 with significant asks totaling 6,124.89. This suggests that a break below $3.799 could lead to further downside, while a move above $3.800 might signal potential recovery.

Given these indicators, traders should watch the $3.800 resistance level and the $3.675 support level closely. A breach of these levels could define the next price movement. For now, caution is advised as the market remains bearish with potential for continued volatility.

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