$IO down rapidly ... #AllCryptoExperts
What you guys suggest ...??
Cell or still hold..??
The recent decline in $IO /USDT, as evidenced by the 22.18% drop to $4.215, reflects a significant bearish trend. The hourly chart shows a consistent downtrend since hitting a high of $5.841. The moving averages (MA) further highlight this decline: MA(7) at $4.348, MA(25) at $4.706, and MA(99) at $5.080, all pointing downwards. This consistent decline below major MAs suggests strong selling pressure. The volume spikes on red candles confirm heavy sell-offs, indicating a lack of bullish momentum. As the price approaches the 24h low of $4.182, it could test this support level soon. If selling pressure continues, the next support might be around $4.00. However, if it stabilizes and buying interest picks up, it could recover towards the MA(25) near $4.70. For now, caution is advised as the bearish sentiment prevails.
