$IO coin, which is an Infrastructure token, has settled at $0.174 (Rs 48.74) today and has shown a moderate gain of +2.35% in the last 24 hours.
The sentiment is slightly bullish, especially as looking at the order book shows a clear dominance of buyers (64.78%). The resistance, or immediate hurdle above, is at $0.175**, which is the current ask price. If this level breaks, the next target can be **$0.177 and then up to $0.180.
The support, or strong foundation below, is visible in the area of $0.170-0.171. Moving averages are also very close to the price, indicating a period of consolidation before the next potential move. Infrastructure tokens often build a strong base before trending. If you trust this sector, this accumulation phase could seem like a strategic entry point.
