Current overview:

The $IO /USDT pair on Binance is showing a clear upward trend but is currently undergoing a short-term correction. Below is an analysis of the main information:

  1. Current price: $3.602 (-0.69%)

  2. Moving averages:

    • 7-day MA: $3.478 (short-term support)

    • 25-day MA: $2.893 (medium-term support)

    • 99-day MA: $2.108 (long-term support)

  3. Volume:

    • The decline in volume shows reduced bullish momentum, indicating caution.

  4. RSI (relative strength index) :

    • 69.79 (near overbought zone): Indicates that the market is cooling down after a strong bullish period.

Key levels to watch:

  1. Support Levels:

    • Short term: $3.50 (aligned with the 7-day moving average)

    • Strong Support: $2.90 - $3.00 (25-day MA)

  2. Resistance levels:

    • Immediate resistance: $4.20

    • Psychological barrier: $5.00

Strategic business plan:

For buyers:

  • Entrance area: $3.45 - $3.50

  • Confirmation: Look for a bounce above the 7-day MA ($3.478) on higher volume.

  • Target Profit: $4.20 and $5.00.

  • Stop-Loss: Place at $3

For sellers:

  • Sell ​​Signals: I

  • Output levels:

    • Partial

    • Full release at $4.20.

Conclusion:

$IO /USDT chart reflects healthy uptrend within ascending channel, but recent pullbacks warrant caution

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