$IO

/USDT Technical Analysis:💯🔥🔥

Current Price: $2.997

24h High: $3.011 | 24h Low: $2.705

Price Change (24h): +10.22%

Volume (24h): 7.28M IO | 20.68M USDT

Market Depth: Buy support around $2.919 and $2.997.

Technical Indicators:

1. RSI (14): Moderate upward momentum (around 60-70). It shows there is buying strength but not yet in overbought territory.

2. EMA (20/50): Price is currently above both the 20 and 50 EMA, indicating bullish trend continuation.

3. MACD: Positive crossover, further confirming momentum.

Trade Signal:

Bullish Scenario - Buy at current price, with targets and support in mind:

Target Levels:

1. Target 1: $3.05 - Break of local resistance level, likely to face resistance here.

2. Target 2: $3.20 - Next strong resistance point based on price consolidation.

3. Target 3: $3.40 - Longer-term target if bullish sentiment continues.

Momentum:

Short-Term Momentum: Strong upward momentum, but keep an eye on the $3.011 resistance level.

Medium-Term Momentum: Bullish continuation potential, especially with EMA and MACD confirming strength.

Stop-Loss: $2.85 to manage risk near recent lows.

Note: Keep monitoring for any reversal signals at $3.05 for possible corrections or breakout.

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