⚠️ Critical Updates on $IO (IOUSDT) Perpetual Futures⚠️

Current Price: $2.613 (-7.01%)

IO is currently priced at $2.66, marking a 12% decrease from yesterday and a 25.8% drop over the past week. The asset has dipped below the $2.70 threshold and breached the $2.96 support level. If the current support fails to hold, the next support level could be around $2.45. Resistance stands at $3.16.

The asset is exhibiting a falling wedge pattern, and with an RSI of 28, it's approaching oversold territory. The market trend suggests a risk of IO breaking below its support level. For a bullish reversal, IO would need to overcome the resistance at $3.84 and target a price above $4.00. Its recent listing on Binance is also noteworthy in this context.

#ionet #Write2Earn! #MtGoxJulyRepayments #BinanceTournament #Megadrop