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• FIO Protocol (FIOUSDT) closed 0.0218 at 12:00 ET, down from 0.02125 after a volatile 24-hour swing to a high of 0.0221.
• Price tested key resistance at 0.0221 and 0.0218, with rejection seen in bearish engulfing and doji patterns.
• Volume surged 29M at 16:00 ET, signaling a sharp consolidation after a 0.02267 peak.
• RSI and MACD suggest overbought conditions at 0.0221, hinting at potential near-term profit-taking.
• Bollinger Bands constricted before the 13:00 ET break, indicating a period of low volatility preceding a sharp breakout.
FIO Protocol (FIOUSDT) opened at 0.02125 on 2025-08-10 12:00 ET, reached a high of 0.0221, and closed at 0.0218 on 2025-08-11 12:00 ET. The 24-hour volume totaled 34908979.0, while turnover amounted to approximately $757,052 (0.0218 × 34,
,979).FIO Protocol displayed a sharp bullish breakout above 0.0216 and pushed to 0.0221, followed by a bearish engulfing candle at 14:15 ET and a doji at 14:30 ET, signaling indecision and potential exhaustion. A key support level appears to be forming near 0.0217–0.0218, with recent rejection at 0.0218 suggesting near-term bearish control.
On the 15-minute chart, FIOUSDT has crossed below the 20- and 50-period moving averages, reinforcing a bearish bias. For the daily chart, the price has remained above the 200-day MA, but below the 50- and 100-day lines, indicating medium-term bearish momentum amid a long-term bullish trend.
The MACD crossed into bearish territory, with a negative histogram suggesting weakening momentum. RSI hit overbought territory at 0.0221 (~85+), signaling a high probability of a pullback. A reversal in RSI below 50 confirms bearish conviction, particularly after the 14:15 ET sell-off.
Volatility expanded during the 13:00–14:30 ET window, with price closing near the upper band after a brief contraction. The bands suggest a period of consolidation, but with a sharp upward breach and subsequent rejection, indicating mixed signals for a durable breakout.
Volume spiked dramatically at 14:15–14:30 ET and again at 16:00 ET, coinciding with bearish price action and a final consolidation at 0.0218. The divergence between high turnover and lower prices suggests profit-taking after the earlier rally to 0.0221.
Applying Fibonacci to the 0.02052–0.02267 swing, key retracement levels at 0.0218 (61.8%) and 0.0215 (78.6%) were tested. The rejection at 0.0218 suggests traders may view this as a critical support level ahead of 0.0215 in the next 24 hours.
FIO Protocol appears to be in a consolidation phase following an aggressive bullish breakout. While the short-term bearish setup is strong, the broader trend remains above key long-term moving averages. Traders may look for a retest of 0.0215–0.0218 as a near-term pivot, with risks tilted toward further downside in the next 24 hours if support fails to hold.
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