[[{“value”:”IO.net, (IO) a Solana based DePIN platform, saw a significant price decline following the market bearish movement in the past few weeks. Trading at a discount of over 72% from its 52 week high, the token underwent a major decline last month.
Recently launched token failed to attain follow on gains after the initial bullish moves on the day of listing and have continued to retrace till now. Correcting over 72% and slipped below the significant moving averages, the token was redirecting the bearish sentiments and traded in the negative trajectory.
Following the market correction, IO exhibited an extended correction phase. It is expected to head for the $1.30 mark, which is only 30% far from the current price level.
However, this week, the IO paused and represented a tight range bound movement and significant accumulation was noted.
At press time, IO token was trading at $1.78, up by 0.67%, displaying flat movement on the intraday chart. Its trading volume dropped over 32.90%
We współpracy z: https://www.thecoinrepublic.com/2024/08/08/io-price-stagnates-near-1-70-can-it-plot-a-reversal-amid-downturn/
