Can $BIO continue to rise and is it still worth buying? Here's the analysis from Chao Ge:
1. The core reason for buying is that BIO, as a leading narrative in life sciences, is backed by "powerful endorsement institutions." The recent official launch of the V2 version introduced a new mechanism for staking points, with total staked amount surpassing 100 million tokens within a week.
2. The maximum drop reached 95%, and the entire position has been cleared, with new entry capital concentrated, resulting in low upward resistance. The concentration of chips is entirely in the hands of the project party, making secondary market selling pressure controllable.
3. BIO continues to dominate the Binance gainers list, which is a clear signal in the secondary market, indicating that the market recognizes its position as a "trend leader." Recently, the price has continued to perform strongly in the Korean market.
Chao Ge is still quite optimistic about BIO. If you hold the tokens, you can patiently hold on, betting on the continuation of the trend. If you are looking to enter, it's advisable to wait for a pullback to key support levels.
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