Will anyone dare to buy the new coin $IO 😅

Reviewing the overall market trend of $IO , it is not difficult to see that the old script of the new coin continues. Because there are not many chips in the market after the launch, the control of the market has been pulled

Then it has been going down all the way, and there has been no reasonable rebound. Of course, this is related to the overall market environment, but I heard that this coin has a lot of quotas released by the early KOL rounds

The concepts of this coin are: Solana+AI+Depin. The only one worth mentioning may be Depin, and Depin is the mainstream consciousness of Western capital, but some of the known chips of IO are Eastern, and the proportion of the West may not be very high

At present In an environment where people generally choose not to hold long, unless you are really optimistic about #Depin赛道 or #IO去中心化算力网络 , there is no reason to intervene if we just talk about the technical aspects.

The current market has a 4-hour level retracement of 0.618. This deeper retracement may have a rebound in the future, but the strength is definitely not strong.

(The principle is that if the buyer's power is strong, it will not have a deep retracement. 0.312 or 0.5 are almost the same. It has now stepped over 0.618)

If you really want to consider intervening, it is difficult to find support below to intervene. Step-by-step integer reduction is also OK (1.4/1.6/1.8/2)

That's all, DYOR