IO MARKET STRUCTURE UPDATE
I am tracking $IO closely as volume expands, it's currently hovering near the upper range of its current price action, and a potential retest of the resistance zone of ~$0.18577 shouldn't be ruled out, given the 24h change of 16.02% indicating a moderate bullish momentum. The volume profile suggests a significant increase in buying pressure, with a 24h volume of $11.73M, and $IO's funding rates are relatively neutral, which could indicate a potential shift in market structure.
It's worth noting that $IO is currently trading above the mid range of $0.16895, with a 24h high of $0.18670, representing a 10.3% upside from the support zone of ~$0.15196, and I'm watching for a potential long entry above $0.18577, with a target of $0.20000, representing a 7.6% upside.
$IO