$IO Market rebound: IO rose by 4.26% to $0.153, settling above its 99-hour exponential moving average after recently hitting its lowest historical level, with bearish momentum declining.
Bullishly: IO.net announced a new economic model aimed at reducing the supply of tokens by 50% by the second quarter of 2026, which is considered a strong long-term catalyst.
Strong fundamentals: The project surpassed annual chain revenue of $20 million, confirming its adoption and utility in the real world for its decentralized GPU mining network.
Launch and risks: The successful Launchpool on Binance attracted initial interest, but the unlocking of 2.8 million tokens on December 28 may create potential selling pressure in the near term.
IO shows signs of reaching a bottom
IO rose by 4.26% to $0.153, holding above the 99-hour exponential moving average of $0.1511.
The downward momentum in the MACD indicator continues to decline, but capital flows in large orders remain cautious, indicating a fragile recovery.
A fix enhances expectations
IO.net plans to reduce the token supply by 50% through a new incentive model.
Annual chain revenue exceeding $20 million confirms strong real-world adoption and enhances long-term expectations. 🔗
Successful debut in Launchpool
IO was the 55th project on the Binance Launchpool platform.
Users harvested 20 million IO tokens by staking BNB and FDUSD, supporting awareness and initial distribution before the successful commercial launch.
Key levels to watch
The main resistance is at the middle Bollinger band at $0.154.
Critical support is at the previous all-time low of $0.1315.
