$BIO dominates the scene
The precious Launchpool coin gains momentum - can the optimists surpass $0.115?
The BIO coin is experiencing a notable rise, trading at $0.1112, achieving daily gains of 11%, driven by strong trading volume and Launchpool hype. The coin just reached its highest level in 24 hours at $0.1116 after bouncing back from its lowest point at $0.0986, showing buyers regaining control.
With liquidity increasing and trading volume surpassing 93 million BIO, the momentum clearly indicates a leaning towards the optimists. The next major test lies in the range of $0.112-$0.115. A breakout above this range could lead to another bullish wave, while failure to hold above $0.108 may trigger a quick retest of the support level.
Next trading setup:
Entry point: Confirmation above $0.1125
Target 1: $0.1180 (short-term)
Target 2: $0.1240 (extended)
Stop loss: $0.1040 (below the last support level)
This setup is in a wait-and-see mode. If the bulls break through the resistance level, it could pave the way for BIO to reach new all-time highs, solidifying its position as one of the winners on the Launchpool platform.