Market Overview for Bio Protocol/Tether (BIOUSDT) on 2025-10-11

• • •
Summary
• Price dropped sharply after a 15-minute candle gapped down and closed at 0.0967 with high volume.
• Volatility expanded significantly as price plunged from 0.1108 to as low as 0.03.
• RSI and MACD signaled bearish momentum during the selloff with no immediate sign of oversold conditions.
• Volume spiked during the decline, with the 21:00–21:15 ET candle recording over 33 million in turnover.
• Price appears to be forming a potential bearish continuation pattern near 0.086–0.087 support levels.

The 24-hour session for Bio Protocol/Tether (BIOUSDT) opened at 0.1097 on 2025-10-10 12:00 ET, with a high of 0.1108, a low of 0.03, and closing at 0.087 on 2025-10-11 12:00 ET. Total volume traded was approximately 545.2 million, and turnover reached $46.87 million.

Structure and formations revealed a strong bearish bias, particularly after the 2025-10-10 21:30 ET candle, where price collapsed from 0.0855 to 0.0579 in a single 15-minute interval. This candle exhibited a shooting star and bearish engulfing pattern. Key support levels emerged at 0.086, 0.085, and 0.084, which have held during the recovery phase. Resistance is now likely at 0.087–0.088, where price has previously failed to break through.

Moving averages on the 15-minute chart show BIOUSDT trading well below its 20-period and 50-period moving averages, reinforcing a bearish bias. On the daily chart, the 50- and 100-period moving averages have diverged, with price hovering near the 200-day MA but unable to find buyers in that region.

The RSI fell rapidly during the selloff, dipping toward the 20–30 oversold range, but failed to generate a rebound, suggesting bearish exhaustion or continued bearish sentiment. MACD confirmed the bearish momentum with a negative histogram and a declining signal line. Bollinger Bands saw a sharp expansion during the drop, with price trading near the lower band for much of the session. A potential volatility contraction may be forming near the 0.086–0.087 range.

Volume surged during the collapse, with the 21:30–21:45 ET candle alone accounting for 33.5 million in volume. Notional turnover also spiked during that period. However, the recovery has been marked by lower volume, suggesting a lack of conviction on the buy side. Price and volume are generally aligned, with no major divergence observed at the moment.

Fibonacci levels on the 0.1108–0.03 leg show 0.086 as the 61.8% retracement level, where price appears to have found a temporary floor. The 38.2% level is at 0.089, which may serve as a potential resistance if buyers re-enter. Daily Fibonacci levels align with the 15-minute structure, suggesting a key support at 0.084–0.085.

The RSI and MACD readings during the collapse were among the most bearish in the dataset. A potential short entry strategy could target the 0.086–0.087 range if a bearish continuation pattern forms and breaks support. A stop could be placed just above 0.0885, while a target may aim for 0.083 or 0.082 based on Fibonacci projections.