🔥 Bounce or Bear Flag?
After a strong rise from 0.2190 → 0.3254, the coin sharply retraced to 0.2089, after which it formed a pattern resembling a bear flag. The price is currently trading around 0.2517.
📊 Technical Picture
EMA: the price is below EMA(25) and EMA(99), indicating persistent long-term bearish pressure.
MACD: almost neutral, a transition to the bullish zone is possible.
Stochastic RSI: overbought → a correction or sideways movement is likely.
RSI(14): 44 – neutral zone.
🎯 Short-term Targets
Bullish Scenario (Bounce):
$0.2610 (+3.6%)
$0.2817 (+11.9%)
$0.3000 (+19.2%)
Bearish Scenario (Flag):
$0.2300 (-8.5%)
$0.2089 (-17.0%)
$0.1850 (-26.5%)
⚖️ The market is currently balancing: a consolidation above 0.26–0.28 will provide a chance for continued growth, while a breakout below 0.21 will confirm the bearish scenario.
#BIO
After a strong rise from 0.2190 → 0.3254, the coin sharply retraced to 0.2089, after which it formed a pattern resembling a bear flag. The price is currently trading around 0.2517.
📊 Technical Picture
EMA: the price is below EMA(25) and EMA(99), indicating persistent long-term bearish pressure.
MACD: almost neutral, a transition to the bullish zone is possible.
Stochastic RSI: overbought → a correction or sideways movement is likely.
RSI(14): 44 – neutral zone.
🎯 Short-term Targets
Bullish Scenario (Bounce):
$0.2610 (+3.6%)
$0.2817 (+11.9%)
$0.3000 (+19.2%)
Bearish Scenario (Flag):
$0.2300 (-8.5%)
$0.2089 (-17.0%)
$0.1850 (-26.5%)
⚖️ The market is currently balancing: a consolidation above 0.26–0.28 will provide a chance for continued growth, while a breakout below 0.21 will confirm the bearish scenario.
#BIO
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BIO
0.1763
+0.22%