$BIO (Launchpool) is looking a bit pumped today! The price is currently $0.0517 (around Rs.14.53) and there has been a +5.73% gain in the last 24 hours, officially marked as a Gainer.
The sentiment seems mixed bullish as the buyers' share is 60.97%. Support is strong around MA(25) 0.0485 and MA(7) 0.0496. On the resistance side, the immediate hurdle is a cluster between 0.0518-0.0523, but if this breaks, the path to a 24h high of 0.0556 could be clear. A short-term target of 0.0540+ can be set.
Volume is very high at 150M+ BIO, indicating increased interest. However, a word of caution: long-term charts are still red (30 Days -36%), so we will need to wait for a complete trend reversal. Trade with strict SL, perhaps below 0.0480.
Overall, there is momentum for short-term play, but long-term holders will need a bit of patience.
