Why I’m Bearish on $BIO (Bio Protocol)

Lately, I’ve been tracking $BIO closely — and the setup doesn’t look good. Here’s the breakdown 👇

1️⃣ Weak Price Action

• In just 7 days, BIO tanked –27%.

• Even the 24h chart can’t find green, sitting at –0.8% to –1.5% depending on the data source.

Clearly, momentum is fading.

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2️⃣ Technical Signals Turning Red

• On the 4H chart, the 50-day MA is trending down. 📉

• A MACD bearish divergence has appeared, a classic signal that buyers are losing steam.

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3️⃣ Forecasts Don’t Inspire Confidence

• Analysts (CoinCodex) see another ~25% drop coming by Sept 2025, with targets near $0.109.

• Holding a short position into December could net ~30% ROI if this plays out.

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📊 Data Recap

• Weekly Trend: –27%

• 24h Change: –0.8% to –1.5%

• Technicals: Bearish MA + MACD divergence

• Forecast: $0.109 target by Sept 2025

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💭 My View

The chart + fundamentals don’t scream “buy” here. Sellers clearly control the narrative, and unless BIO manages a strong bounce with volume, the path of least resistance looks downward.

If you’re in BIO, I’d be cautious. This may be a time for short setups or waiting for confirmation of strength before diving in.

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⚠️ Disclaimer: Not financial advice. Always DYOR & manage your own risk.

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