$IO officially on the market 🆕
Let's try to do an analysis and try to understand what to expect for the near future.
#IO is the coin that succeeds $NOT in chronological order, both had a farming period and at the end of which traders received their reward.
For about two months now, a change in trend has been taking place in how new coins behave in their first weeks after launch.
If before the reward for farming was more substantial, in the latest launchpools the initial reward amount is decidedly lower.
It is also true that the latest coins tend to rise in price over time, much more than the previous coins.
Trying to do an analysis on these first hours of IO's life we can notice a trend that is at least similar to the NOT currency.
I want to point out that making an analysis this early is almost impossible, so take my words with caution, but it would appear that traders have set around $3.5 as a support level.
This value, to date, always appears to coincide with RSI indices around 18-22 (i.e. when the currency is oversold).
The initial trend of IO and NOT is curious. Take a look at the graphs of the two coins during their first hours of life... similar, right? 😏
In the case of a similar trend we can hypothesize that the IO coin could rise significantly during its second - third week of life...
I repeat, what is written above is just my thoughts and is an analysis of these first hours in which the coin #IO was launched.
As always, do your research and think carefully about your investments
🆕 If you appreciated this content, I invite you to like and follow me.
Your support means a lot to me! 🫡#goldYu
