#BIO Protocol Current Price: $0.0591
24h Change: -9.22%
24h Range: $0.0575 - $0.0670
#BIO is currently in a strong downtrend, losing over 62% in the past 90 days and almost 19% in just the last 7 days. However, it's starting to show signs of potential short-term support around $0.0575, with a small bounce visible on the 1H chart.
The price is trading below all major moving averages (MA5, MA10) and the middle Bollinger Band (MB: 0.0598), suggesting bearish momentum is still dominant. However, the lower Bollinger Band (DN: 0.0572) is beginning to flatten, which may hint at a cooling off period or short-term reversal.
Trade Plan:
Entry (Speculative Buy): $0.0580–$0.0590 (wait for a retest of support)
Target: $0.0630–$0.0650 (mid Bollinger Band or short-term resistance zone)
Stop-Loss: $0.0565 (below recent wick low)
Risk Level: High (consider this a short-term technical play)
Strategy: Small position size with tight stop-loss. Watch for volume confirmation before entering.
Buy and future trade open here
