technical analysis report of IO

$IO / is currently trading at $2.78, showing a significant increase of 11.60%. The 24-hour volume for IO stands at 17.95M, with a high of $2.845 and a low of $2.468, indicating substantial volatility. The moving averages suggest that the price has been increasing steadily, with MA(7) at $2.757, MA(25) at $2.735, and MA(99) at $2.713. However, given the recent spike and current price touching resistance levels around $2.845, and considering the high volume at MA(5) of 217,044.80 and MA(10) of 271,476.46, it is likely that a pullback is imminent.

Traders should consider shorting IObas it appears to be overbought and a downtrend might be expected soon.

#ETH_ETF_Approval_23July #SOFR_Spike #Mt_Gox_BTC_Dip #US_Job_Market_Slowdown #Write2Earn!