On the daily chart for BIO/USDT, an important technical shift is noticeable:
A prolonged consolidation in the range of $0.063–$0.097 has ended with a breakout upwards.
The price has settled above all key MAs (7, 25, 99), indicating a change in the local trend to bullish.
Ichimoku — the price has moved above the cloud, with the Tenkan and Kijun lines in a bullish crossover.
SAR indicates continued growth, with points located below the candles.
The nearest resistance targets are: $0.15, then $0.20; a strong level is $0.4489 (historical high after listing).
Support is at $0.097 (the boundary of the broken range) and $0.063.
Volumes have started to increase sharply, confirming the strength of the momentum.
📌 If the current momentum holds above $0.097 for a couple of days, a medium-term rise to $0.20–$0.25 is possible. However, considering the vertical start, a pullback for a retest of the broken level is possible. $BIO