$BIO Bounce Underway – Relief Rally or Just a Pause?
BIO/USDT is trading at $0.0674, recovering slightly after a sharp intraday drop of over -6.65%. The price found support near the daily low and is now pushing back toward the $0.0700 mark. Volume is rising, signaling a possible continuation—but upside remains fragile below key resistance.
Key Levels to Watch
Resistance:
• $0.0688 – Local reaction zone
• $0.0700 – Breakout barrier and psychological level
• $0.0729 – 24h high
Support:
• $0.0660 – Immediate support after bounce
• $0.0645 – Mid-reversal buffer
• $0.0633 – 24h low and invalidation level
Bullish Trade Setup
Reclaim above $0.0688 may aim for:
• Target 1: $0.0700
• Target 2: $0.0729
Bearish Trade Setup
Failure to hold above $0.0660 could lead toward:
• Target 1: $0.0645
• Target 2: $0.0633
After a steep decline, BIO is attempting to stabilize. This bounce has potential, but bulls must break $0.0700 cleanly to flip sentiment. Wait for confirmation before engaging.