📈 Analysis and forecast for $BIO : is it time to exit? 🚀
As of May 22, 2025, 11:13 EEST, the rate $BIO on Binance is $0.0887, with a 17% increase over the last 24 hours. The trading volume for the day is about $33M, and the market capitalization is $115M (with a circulating supply of 1.3B BIO). On X, a bullish sentiment is noted: users are discussing a recent breakout from a descending wedge on the 4-hour chart and a retest of support at $0.07–$0.073 with potential growth to $0.56.
Technically, BIO looks promising. On the daily chart, the price is trying to hold above $0.08879, which is important for continued growth. The RSI (14) at 69 indicates bullish momentum, but is close to overbought. Key levels: support — $0.076, resistance — $0.09. A breakout at $0.09 could push the price to $0.10, but a drop below $0.076 would increase pressure to $0.064.
Forecast: in the short term (until the end of May), BIO could reach $0.10 if momentum continues. By July 2025, a correction to $0.064 is possible due to overbought conditions. The long-term target for 2026 is $0.50+, provided that the Bio Protocol develops in DeSci.
Is it time to exit? After a 17% increase and the current price of $0.0887, taking profits seems reasonable, especially ahead of the resistance at $0.09. Set a stop-loss at $0.076 for protection. For long-term investors, holding with a target of $0.10 is possible, but watch the RSI and volumes. $BIO promising due to innovations in biotechnology, but volatility is high — be cautious! #BIO #Binance #CryptoAnalysis
