IO / Tether USD
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#IO/USDT

296
#IO

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.

We are seeing a rebound from the lower boundary of the descending channel, which is support at 0.6800.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.

We are looking for stability above the 100 moving average.

Entry price: 0.7905
First target: 0.8560
Second target: 0.9420
Third target: 1.03

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