#IO What is next after a long time downward trend?

Let carefully analysis the chart 📊 together

Current Price and Indicators:

The current price of IO/USDT is 3.8462.

The moving averages (MAs) are:

MA7: 3.8348

MA14: 3.8583

MA28: 3.8872

The price is slightly above MA7, indicating a short-term uptrend.

The price is below MA14 and MA28, suggesting a medium to long-term downtrend.

Stochastic RSI:

The Stochastic RSI values are 14 for %K and 49.88 for %D.

A Stochastic RSI value below 20 typically indicates oversold conditions, and above 80 indicates overbought conditions.

Here, the %K value is at 14, suggesting oversold conditions.

Volume:

The volume indicator shows a spike at the end, which could indicate increased buying or selling interest.

MA5 for volume is 13.40K, and MA10 is 10.70K, with the current volume at 1.59K.

Recent Price Action:

The price has seen a recent low at 3.7334 and has rebounded from there.

The overall trend in the short term appears to be slightly upward after the recent dip.

My analysis shows a short time bullish trend will emerge

This is not a financial advice, please do your own research