$IO : IS THE BOTTOM BEHIND US, OR IS THERE ONE MORE LEG DOWN?
I’m continuing to follow io.net. The project is working on decentralized computing for AI, but right now I’m less interested in the appealing story and more in what the chart is showing.
As of October 14, $IO was trading around $0.16. The price is trying to hold after a volatile move, but the technical indicators aren’t yet giving a clear signal of a confident reversal.
Here’s what I’m watching:
— $0.16 is a key nearby support zone.
— $0.17–0.18 is the range buyers need to break through to strengthen the bullish scenario.
— If $0.16 doesn’t hold, the price could test the $0.15 area again.
I’d rather see volume rise alongside a breakout above resistance than buy simply because the coin looks cheap.
What do you think—is $IO preparing for a recovery, or is it still too early to talk about a reversal?
#IO #ionet #AI #DePIN #Crypto
I’m continuing to follow io.net. The project is working on decentralized computing for AI, but right now I’m less interested in the appealing story and more in what the chart is showing.
As of October 14, $IO was trading around $0.16. The price is trying to hold after a volatile move, but the technical indicators aren’t yet giving a clear signal of a confident reversal.
Here’s what I’m watching:
— $0.16 is a key nearby support zone.
— $0.17–0.18 is the range buyers need to break through to strengthen the bullish scenario.
— If $0.16 doesn’t hold, the price could test the $0.15 area again.
I’d rather see volume rise alongside a breakout above resistance than buy simply because the coin looks cheap.
What do you think—is $IO preparing for a recovery, or is it still too early to talk about a reversal?
#IO #ionet #AI #DePIN #Crypto