BIOUSDT Market Overview: 2025-10-04

• Price declined from 0.1465 to 0.1370 over 24 hours, with a sharp selloff in early session.
• Volatility spiked during 17:15–18:00 ET, with intracandle range reaching 0.1465–0.1310.
• Turnover surged on the deep pullback, signaling increased bearish conviction.
• MACD turned negative, and RSI entered oversold territory, suggesting potential near-term bounce.
• Key support levels at 0.1405 and 0.1385 identified; resistance at 0.1425–0.1435.

The Bio Protocol/Tether (BIOUSDT) pair opened at 0.1435 on October 3, 2025, and reached a high of 0.1465 before hitting a low of 0.1310, closing at 0.1372 as of 12:00 ET on October 4. Total traded volume was 31.4 million USD, with a notional turnover of $4.34 million across the 24-hour period. Price action has been marked by a sharp sell-off and subsequent consolidation.

Structure & Formations

Price formed a bearish engulfing pattern on the 17:15 ET candle, which marked the start of the major downward move. This was followed by several long lower shadows and short-bodied candles near the 0.1400–0.1415 range, suggesting potential support. A potential double-bottom structure appears to be forming around the 0.1385 level. Key resistances are currently at 0.1425–0.1435, with a psychological level at 0.1450 acting as a prior high.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both in a downward trajectory, with the 50-line crossing below the 20-line, signaling bearish momentum. On the daily chart, the 50-period MA is below both the 100 and 200-period lines, reinforcing the bearish bias in the medium term.

MACD & RSI

The MACD has turned negative and is trending lower, confirming the bearish move. The RSI has fallen into oversold territory, suggesting a potential countertrend bounce in the near term. However, the RSI remains below the 30 level, indicating the trend remains intact and any bounce is likely to be short-lived without a strong volume confirmation.

Bollinger Bands

Price recently broke below the lower Bollinger Band during the 17:15–18:30 ET window, indicating heightened volatility and increased bearish momentum. Currently, price is consolidating near the lower band, which is now acting as a dynamic support at 0.1385–0.1390. A break above the middle band would suggest a reversal, though it remains unlikely without a significant shift in sentiment.

Volume & Turnover

The largest volume spike occurred during the 17:15–18:30 ET window, where the candle moved from 0.1434 to 0.1310 on nearly 9.97 million traded volume. This suggests strong bearish conviction. However, the subsequent candles showed lower volumes, indicating waning momentum. Turnover also dipped during the consolidation phase, which may signal a potential reversal or a continuation depending on subsequent volume behavior.

Fibonacci Retracements

Applying Fibonacci to the key 0.1465–0.1310 move, key retracement levels include 38.2% at 0.1365, 50% at 0.1387, and 61.8% at 0.1409. The current price is near the 38.2% level, which could act as a temporary support. A break below 0.1365 may bring in more sellers, while a sustained move above 0.1409 could signal a potential trend reversal.

Backtest Hypothesis

The backtesting strategy involves entering a short position when a 15-minute bearish engulfing pattern forms, confirmed by a close below the 20-period moving average and a divergence in the RSI. A stop-loss is placed just above the recent swing high, and a take-profit is set at the nearest Fibonacci retracement level (typically 38.2%–50%). This strategy aligns with the recent price action, particularly the engulfing pattern observed at 17:15 ET, which met all the criteria for an entry signal. The large volume and low RSI further reinforce the setup’s reliability for a short-term bearish trade.