- io.net saw record selling volume, signaling potential capitulation.
- Today’s volume surpasses yesterday’s despite a smaller price drop.
- Critical support at PoC may trigger a rebound or further decline.
io.net—IO, hard. A massive red candle wiped out gains, leaving traders stunned. The drop wasn’t quiet—trading volume surged to levels last seen on November 13. Fear spread fast as the price tumbled. But today tells a different story. The candle looks smaller, yet volume has already surpassed yesterday’s total. A crucial moment is unfolding. The market now faces a choice—breakdown or reversal.
Massive Volume Signals a Turning Point
Charts show price movements, but volume reveals true market sentiment. Yesterday’s sell-off wasn’t just a dip—it was a storm. Heavy selling pressure flooded the market, testing traders’ resolve. Many expected more pain, yet today brings unexpected signs.
Despite a smaller decline, trading volume has exploded past yesterday’s levels. The price has reached the Point of Control (PoC) on the Fixed Range Volume Profile — FRVP. This level acts as a battleground where buyers and sellers fight for control. Historically, assets bounce from this zone or consolidate before a big move. A shift in momentum could change everything.
IO Holds Strong Despite Market Panic
Capitulation often marks the end of a downtrend. Fear peaks, volume spikes, and weak hands sell. Those conditions now exist. But nothing has changed with io.net. The project remains strong. No bad news triggered this drop, suggesting panic, not fundamentals, caused the sell-off.
A recovery depends on buyer strength. If demand increases at this level, a rebound could follow fast. But if sellers push harder, the price may drop further before stabilizing. The next few sessions will decide the future trend. Traders now watch closely, waiting for the next big move.
