Market Overview for io.net (IOUSDT): 24-Hour Technical Summary

• Price rose 7.2% in 24 hours, forming a bullish trend with key support at 0.544 and resistance at 0.558.
• High-volume spikes occurred between 05:15–05:45 ET, confirming strength in the rally phase.
• RSI hit 60, signaling moderate momentum but not overbought conditions.
• MACD turned positive and crossed above zero, confirming bullish momentum.
• Bollinger Bands widened as volatility increased, with price near the upper band at peak.

Market Overview

io.net (IOUSDT) opened at 0.546 on 2025-08-05 12:00 ET, reached a high of 0.563, touched a low of 0.535, and closed at 0.552 by 12:00 ET on 2025-08-06. The 24-hour volume totaled 1,693,735.73 and turnover reached $895,233.89.

Structure & Formations

Price action showed a bullish trend with multiple higher highs and higher lows over the 24-hour period. Notable support levels include 0.544 (tested and held multiple times) and 0.535 (a prior swing low). Resistance levels at 0.558 and 0.563 were broken, suggesting the asset could test 0.570 next. A bullish engulfing pattern was observed at 05:30 ET when price surged from 0.554 to 0.558, followed by a confirmed breakout at 06:15 ET.

Moving Averages

On the 15-minute chart, the price closed above the 20-period (0.549) and 50-period (0.547) moving averages, indicating short-term bullish bias. On the daily chart, a 50-period average of 0.543 and a 200-period average of 0.530 suggest a longer-term bullish setup, with the price trading above both key lines.

MACD & RSI

MACD turned positive at 05:15 ET and stayed above zero, confirming bullish momentum. The histogram showed increasing positive divergence, especially between 05:30–06:00 ET. RSI climbed to 60 by 06:30 ET, suggesting moderate momentum without entering overbought territory. A slight divergence occurred in the late hours when price dipped while RSI remained elevated, signaling possible exhaustion.

Bollinger Bands

Bollinger Bands showed a clear expansion as volatility increased, especially after 05:30 ET. Price frequently touched the upper band during the peak of the rally, suggesting strong buying pressure. The midline of the bands (20-period SMA) was at 0.551, with price hovering just above it in the final hours.

Volume & Turnover

Volume spiked significantly between 05:15–05:45 ET, with turnover surging to over $300k during this period. These spikes coincided with the price breaking above key resistance at 0.558–0.563. However, in the last 6 hours, volume normalized while price continued to edge higher, suggesting some consolidation or reduced urgency in new buyers.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing low of 0.535 to the high of 0.563, key levels at 38.2% (0.548), 50% (0.549), and 61.8% (0.551) were all tested and held. The price closed near the 61.8% level at 0.552, suggesting a potential pause or possible reversal near this key psychological area.

Over the next 24 hours, io.net may test the 0.558–0.563 resistance zone again, with a likely pullback to test 0.548–0.551 for support. Traders should monitor volume and RSI for signs of exhaustion or continuation. A break below 0.544 could trigger short-term bearish momentum, despite the overall bullish setup.