⚠️ $IO Critical Updates ⚠️

IO is priced at $2.66, reflecting a 12% decrease from yesterday and a 25.8% drop over the last week. The asset has fallen below the $2.70 mark and breached the support of $2.96. The next support level could be around $2.45 if the current support doesn’t hold. Resistance lies at $3.16. IO is exhibiting a falling wedge pattern, and with an RSI of 28, it’s approaching oversold territory. The market trend suggests a risk of IO breaking below its support level. For a bullish reversal, IO would need to overcome the resistance at $3.84 and aim for a price above $4.00. Its recent listing on Binance is also noteworthy in this context.

#io #LayerZero #SOFR_Spike #US_Job_Market_Slowdown #not $BONK $LDO