$BIO
Important update about bio token:
The current price of BIO/USDT stands at $0.6552, reflecting a significant drop of 10.46% over the last 24 hours. The trading activity has been notable, with a 24-hour volume of 134.41M BIO worth approximately $93.77M. The price has fluctuated between a high of $0.7454 and a low of $0.6384, indicating heightened volatility in the market.
Technical indicators suggest a bearish trend as the price remains below critical moving averages, including the 7-day, 25-day, and 99-day MAs at $0.6734, $0.6922, and $0.7078, respectively.
The RSI is likely in the oversold zone, signaling the possibility of a rebound. However, MACD trends continue to show bearish momentum. Immediate support levels are identified at $0.6400 and $0.6200, while resistance stands at $0.6700 and $0.7000. Traders are advised to exercise caution, considering the strong downtrend, but there may be opportunities for long positions near support levels with targets set at resistance levels. Stop-loss orders are crucial to mitigate risks in such a volatile market.