IO token market performance and trading strategy🚀🚀

From the analysis of the four-hour technical chart, the $IO token has formed a clear bottom accumulation area in the price range of 1.95 to 2.5. Yesterday, stimulated by the positive news of CPI data, the price of $IO token once broke through this range and reached a high of 2.731. However, it then encountered strong selling pressure and the price fell back to the original range, and ultimately failed to successfully establish a new high. This short-lived breakthrough attempt was essentially a test of the floating supply in the market. #IOTAUSDT #io项目 #币安7周年 #美国6月CPI大幅降温

Given the failure of this breakthrough, market participants may expect that $IO tokens will continue to fluctuate in this bottom range. In such a market environment, the current bottom support line may be regarded as a more reasonable buying point, especially for those investors seeking short-term trading opportunities. The focus of the next market observation will be on whether there will be a spring effect or a final shakeout, which often provides further directional signals for the market.