$BIO perfectly hit the $0.5172 target and bounced back, but a temporary resistance at $0.5301 suggests the downtrend isn’t over yet.

$BIO is currently in a downtrend momentum, showing signs of further weakness. If it breaks the critical support at $0.5693, the bearish continuation could drive the price down to $0.5172.

However, if it holds above this level, a potential rebound toward $0.6304 is likely, suggesting a short-term recovery.

Closely monitor the $0.5693 level for directional confirmation.

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