$IO is getting back to life slowly. Although needless to say that this token is tied to $BTC , it is interesting to watch the movement.
The coin is steadily reaching its next Support level of 3.7, but this level is vague. Next to it stands 3.9. And of it manages to hammer through 4.0, the next stop would be near 5.6.
On the flip side, if BTC movement goes barish, my estimates are that IO would hold around 3.5.
As I have said earlier, the coin has potential. Its support base is better than many, but one has to watch out for internal politics of IO.Net which would greatly affect its performance.
My word for you: Don’t jump into this, if you don’t have patience to hold till Nov, 24.
Happy trading folks!
