Market Overview: Bio Protocol (BIOSDT) 24-Hour Analysis

• Bio Protocol (BIOSDT) fell 1.7% in 24 hours, closing near key support at $0.086–$0.088.
• A bearish engulfing pattern formed at $0.091–$0.093 with confirmation by next-hour breakdown.
• Volatility expanded in early ET hours; volume surged during $0.090–$0.088 breakdown.
• RSI entered oversold territory, but divergence with price suggests caution ahead.

Bio Protocol (BIOUSDT) opened at $0.0978 on 2025-08-07 12:00 ET, reached a high of $0.105, and closed at $0.0909 on 2025-08-08 12:00 ET, with a low of $0.0849. Total volume was 301,988,871 and turnover was approximately $26,993,849 over 24 hours.

Structure & Formations

Price action formed a bearish engulfing pattern near $0.091–$0.093 on the 15-minute chart, confirmed by a breakdown on the following session. Key support levels emerged around $0.086 and $0.088, where price found repeated buyers. A potential triple bottom at $0.088–$0.090 suggests a short-term floor. Resistance at $0.093–$0.095 could cap any near-term rebounds.

Moving Averages

On the 15-minute chart, the 20-EMA and 50-EMA crossed bearishly near $0.092–$0.094. The daily chart shows the 50-EMA at $0.096 and the 200-EMA at $0.099, indicating a bearish bias in the broader trend. Price remains below both, reinforcing a downtrend.

MACD & RSI

The MACD histogram turned negative and widened during the breakdown phase, signaling strong bearish momentum. RSI reached oversold levels near 30 but failed to trigger a bounce, suggesting a lack of immediate buyers. A divergence between RSI and price action may point to a potential false recovery in the next 24 hours.

Bollinger Bands

Volatility expanded significantly in the early morning ET hours, with price breaking below the lower band near $0.086. The bands are now wider than the previous day, suggesting a period of consolidation may follow. Price remains near the lower band, which could trigger short-term bounces if volume supports a rally.

Volume & Turnover

Volume spiked during the breakdown near $0.088, with over 12 million contracts traded in that hour. Turnover surged from $2M to $5M during the selloff, confirming the breakdown. However, volume has since declined, indicating reduced conviction in the downward move. Divergence between price and volume in the last 3 hours suggests a potential pause.

Fibonacci Retracements

Fib levels from the $0.105–$0.0849 swing show 61.8% at $0.0898 and 78.6% at $0.0869. Price appears to have found temporary support at the 78.6% level, and a test of the 61.8% level could occur if buyers return. On the daily chart, key retracement levels near $0.095–$0.097 may limit any short-term rebounds.

BIO Protocol appears to be in a consolidation phase after a sharp decline. A test of $0.086–$0.0849 could occur if bearish pressure resumes. Investors should monitor for a potential break above $0.0898 as a short-term signal of strength, but the risk of further declines remains high if volume fails to support a reversal.