1. Price Chart • Current Price: $0.4623 (+1.23%). • Trend: After an initial strong rally, the price has pulled back and stabilized around the $0.46 range. • RSI Indicator (6): Extremely low at 9.1191, suggesting that the asset is in an oversold zone, which could indicate a potential for recovery. • Volume: The 24h volume in USDT is 51.78M, which suggests a significant level of market interest despite the recent drop.
2. Money Flow Analysis • Order Distribution: • Buys total 114.49M BIO, slightly higher than sells (108.70M BIO). • Most of the buying is in medium and small orders, suggesting continued interest from smaller investors. • Recent Movements: • A large negative inflow of -30.34M BIO over five days may indicate profit-taking or strong selling pressure. • The latest positive inflow of approximately 772K BIO suggests some recovery.
Technical Considerations: • Support: The $0.4463 level appears to be immediate support. • Resistance: $0.4771 is the closest resistance level. • Outlook: Despite the recent selling pressure, the low RSI and slight recovery in inflow indicate a possible stabilization or resumption of the upside, as long as the current support holds.
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