$IO /USDT is currently trading at $0.161 (Rs45.26). This token of Infrastructure has dropped 5.29% in the last 24 hours. Market sentiment is bearish, but the price is near strong support. Immediate support is at $0.160, which is also the 24h low, and there are heavy bids below it in the order book. On the upside, resistance is in the $0.162-0.163 area where MA(7) and MA(25) are also located, and after that, $0.168 (MA 99) will be a major hurdle. If the price holds above $0.160, a bounce towards $0.165-0.168 is possible, but the trend will remain bearish until $0.168 is broken. Volume is decent, so consolidation may continue as well. It is essential to confirm the breakout before taking an entry.

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