In the past 24 hours, BIO has experienced a 12.94% price decrease, bringing its market capitalization to approximately $907 million. Such volatility is not uncommon in the cryptocurrency space, particularly for assets that experience massive initial surges.
Despite the recent correction, technical analysis paints a bullish picture for BIO. The Relative Strength Index (RSI) is at 56.87, a level that indicates the asset is neither overbought nor oversold. This balanced market condition suggests that BIO could be gearing up for its next move.