🔍 Key Levels and Current Structure

The daily chart of IO.NET (IO/USD) reveals a steadily rising structure supported by a mid-term ascending trendline. After recovering from the March–April range, the token experienced a local breakout and is now consolidating within a high-volume price zone. The current price sits at $0.836, just above both the trendline and a crucial point of control highlighted by the visible volume profile.

📊 Key Levels:
🔴 Resistance Levels:

• $0.889 (EMA 12)
• $0.909 (EMA 26 & 50)
• $1.008 (VPVR resistance area)
• $1.168 (previous local top)

🟢 Support Levels:

• $0.825 (local horizontal support)
• $0.740–$0.760 (volume cluster)
• $0.705 (ascending trendline base)

📈 Moving Averages:

• EMA 9: $0.873 (acting as immediate dynamic resistance)
• EMA 12, 26, and 50 are flattened between $0.889 and $0.909, forming a confluence area
• EMA 200 at $1.646 remains distant and irrelevant in the short term

📊 Market Liquidity:
The volume profile shows a concentration of liquidity between $0.72 and $0.90, with the peak centered around $0.83–$0.85. This zone is critical for maintaining bullish momentum. Losing this area could lead to rapid price erosion down to $0.74.

🚀 Bullish Scenario

Despite recent retracements, the bullish setup remains valid. Price action continues to respect the ascending trendline, and if buyers regain strength, IO.NET could attempt a move above short-term moving averages.

🎯 Long Entry:

• Aggressive: $0.834–$0.845 (bounce on the trendline)
• Conservative: Above $0.91 (confirmed breakout from EMA cluster)

📍 Stop-loss:

• Below $0.80 (loss of trendline support and structure invalidation)

🎯 Targets:

• $0.95 (minor resistance)
• $1.008 (high-volume resistance zone)
• $1.168 (swing target on bullish continuation)

📊 Probability:

• Estimated at 55%
• Confirmation required via recovery of EMA 9 and volume above daily average

📉 Bearish Scenario

If bulls fail to defend the ascending trendline and $0.825 zone, bears could regain control and trigger a breakdown toward lower demand areas.

🔻 Short Entry:

• Breakdown below $0.825 with increased volume
• Additional confirmation below $0.80

📍 Stop-loss:

• Above $0.86 (failed breakdown invalidation)

🔻 Targets:

• $0.760 (volume node support)
• $0.705 (base of trendline)
• $0.645 (low liquidity gap target)

📊 Probability:

• Currently around 45%
• Increases if Bitcoin loses $104k or broader market sentiment weakens

📌 Best Strategy: Wait for Confirmation

The structure remains intact but fragile. A decisive move—either a bounce above EMAs or a breakdown below the trendline—will define the next phase.

🧐 What to Watch in the Coming Days?
📈 Trendline holding above $0.825
💰 Break above $0.909 with strong volume
🔄 Watch for false breakouts above EMA zone near $0.89 that fail to close above $0.91

📜 Disclaimer

This analysis is for informational and educational purposes only and should not be considered financial advice. Trading and investing in cryptocurrencies involve a high level of risk, and past performance is not indicative of future results. Always conduct your own research and consult with a professional financial advisor before making any investment decisions. The information provided here reflects market conditions at the time of writing and may change without notice. Neither the author nor this platform is responsible for any financial losses incurred as a result of trading decisions based on this analysis.

Source of the Chart: TradingView