$STO The price action has shown a recovery from the lows over the last couple of days, but there has also been a bit of a correction afterward. For market makers, a better strategy would be to avoid pushing the price up suddenly with strong bullish candlesticks, and instead, allow for a gradual and stable recovery.

Today is quite critical for IOY. From here, the market could either drop sharply and weaken, putting the project under pressure, or we might see a gradual recovery starting that moves towards stability.

My estimate is that tomorrow we might see either a positive move of +0.12 or a negative reaction of -0.085. If the trend turns negative, survival could get tricky for the project, but if we get a positive breakout, the price could push up to around 0.20 to 0.25.

There's a unlock event coming up on May 3rd, so it's crucial for the project to show some growth before that. Let's see what the market's next move is.

#STO #CryptoAnalysis #Binance #priceaction #cryptotrading