$BIO
Price Analysis of BIO Protocol
Summary
Current Price: 0.7751 USDT
Highest Price in 24h: 0.9311 USDT
Lowest Price in 24h: 0.6536 USDT
24h Volatility: Decrease of 13.40%
24h Trading Volume: 158,074,645
Capital Flow: Net capital outflow of 1,971,911 USDT
Fear and Greed Index: 73 (Greed)
Detailed Analysis
Fundamental Information
Description: BIO Protocol allows scientific communities, patients, and investors to collaboratively fund, develop, and co-own new drugs and therapies through the Biotech Decentralized Autonomous Organizations (BioDAOs) network. The BIO token is a governance token, enabling holders to show support for specific BioDAOs and gain access to initial funding rounds.
Price and Trading Volume:
The current price of BIO is 0.7751 USDT, down from the previous price of 0.8950 USDT.
The trading volume in the last 24 hours reached 158 million USDT, indicating significant interest from the market.
Support and Resistance
Resistance Price: 0.8581 USDT
Support Price: 0.7779 USDT
The current price is close to the support level, if it fails to hold this level, it may drop to a lower level.
Capital Flow: Negative net capital flow indicates that more investors are withdrawing capital than investing in BIO, which may negatively impact the price in the short term.
Fear and Greed Index
The current index is 73, indicating that the market is in a state of greed, which could lead to a price correction in the future.
Conclusion
The current price of BIO Protocol is in a downward trend, with indicators showing greed in the market. If the support level of 0.7779 USDT is not maintained, the price may continue to decrease.