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$BIO / USDT – Ongoing Recovery: Comfortable Rise or Just a Temporary Halt?

The pair is currently trading at $0.0674 after a slight rebound from its daily lows, following a drop of -6.65%. Trading volume has increased, reflecting renewed interest, but there is still a need to break through key resistances before confirming the bullish return.

📊 Important Technical Levels:

Resistances:

0.0688 – Local technical resistance representing the beginning of a positive shift

0.0700 – Important psychological level and breaking it could change the trend

0.0729 – 24-hour high and an indication of regaining momentum

Supports:

0.0660 – Immediate support after the price rebound

0.0645 – Midpoint of the downward range

0.0633 – Lowest level in 24 hours, and breaking it means a deeper decline

🔼 Bullish Scenario:

If the price breaks 0.0688 and holds above it, it may target:

Target 1️⃣: 0.0700

Target 2️⃣ (final): 0.0727

🔽 Bearish Scenario:

If the price fails to hold above 0.0660, it may head towards:

Target 1️⃣: 0.0645

Target 2️⃣ (final): 0.0632

📌 Technical Outlook: The current rebound is encouraging after a sharp drop, but any rise without a clear break of the 0.0700 level remains risky. Staying below this area means continued selling pressure

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