io.net 24-Hour Market Overview

• io.net/USDT fell sharply from 0.69 to 0.625, with heavy volume and turnover in the final 90 minutes.
• A large bearish engulfing pattern formed at the peak near 0.701, confirming the top.
• Volatility expanded significantly during the 15-minute drop to 0.626, with price breaking below key Bollinger Band support.
• RSI hit oversold levels near 25, but volume failed to confirm strength—bearish divergence observed.
• Price now resting near 61.8% Fibonacci retracement of the 0.626–0.701 swing, with potential for further downside.

Market Overview

io.net opened at 0.686 on 2025-08-13 at 12:00 ET and closed at 0.625 by 12:00 ET the following day. The 24-hour period saw a high of 0.701 and a low of 0.626, with IOUSDT experiencing a total volume of 10.49 million USDT and a notional turnover of 5.23 million USD.

Structure & Formations

Price action on the 15-minute chart shows a bearish breakdown from a recent bullish trend, with a large bearish engulfing candle at 0.701 signaling a probable top. A doji formed near 0.685 later in the session, hinting at indecision, but the overall bias remained bearish. A descending triangle structure became visible as support levels at 0.67–0.68 were tested and eventually broken.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a death cross around 0.69, confirming a bearish turn in momentum. The 50-period MA on the daily chart sat above 0.685, reinforcing a bearish stance for the broader time frame. Price closed below all key moving averages, indicating a weak near-term outlook.

MACD & RSI

The MACD turned negative after a bullish crossover around 0.70, with bearish momentum accelerating toward the close. RSI dropped sharply to 25 by the end of the period, entering oversold territory. However, volume failed to confirm the strength of this bounce, pointing to a potential continuation of the decline rather than a reversal.

Bollinger Bands

Volatility expanded as price broke below the lower Bollinger Band during the final hours of the 24-hour period. This breakdown suggests a significant shift in sentiment and increased bearish conviction. The band width increased from ~0.007 to ~0.012 during this move, indicating heightened uncertainty.

Volume & Turnover

Volume spiked to over 2.1 million USDT during the 12:45–13:45 ET window, coinciding with the breakdown to 0.646 and the subsequent 0.626 low. Notional turnover mirrored the volume surge, indicating aggressive selling pressure rather than a washout. Price and turnover moved in tandem, suggesting a genuine bearish move.

Fibonacci Retracements

The most recent 15-minute swing (0.626–0.701) has placed price near the 61.8% Fibonacci level at 0.647, suggesting a potential short-term floor. Daily retracements from the recent high at 0.701 to the low of 0.626 show 0.66 as a 38.2% level, which may now act as overhead resistance.

Looking ahead, io.net appears to face a high probability of testing 0.62–0.61 in the next 24 hours, assuming current bearish momentum holds. However, a bullish reversal could occur if price closes above 0.647, confirming a short-term stabilizing trend. Investors should remain cautious of continued volatility and the potential for a deeper correction.