Market Overview: Bio Protocol (BIOSDT) 24-Hour Summary
2min read
Aime Summary• Bio Protocol (BIOSDT) traded in a 24-hour range of $0.0679–$0.0759, closing at $0.0717 on strong afternoon buying.
• A key breakout above $0.0735 failed, but bullish momentum persisted into early evening, forming a potential bullish engulfing pattern.
• Volatility expanded mid-day, with volume peaking at $8.35 million in a single 15-minute candle, signaling active accumulation.
• RSI hit overbought levels twice, but price action confirmed strength, suggesting sustained demand above $0.0725.
• Bollinger Bands tightened before a sharp reversal, hinting at a potential continuation of the upward bias.
Bio Protocol (BIOSDT) opened at $0.0713 on 2025-07-17 at 12:00 ET and closed at $0.0717 at 12:00 ET on 2025-07-18, reaching a high of $0.0759 and a low of $0.0679. Total 24-hour trading volume was 25,480,685.5, with a notional turnover of $1.83 million.
Structure & Formations
Price formed a bullish engulfing pattern after a sharp selloff into the $0.0705 level, confirming short-term buyers stepping in. A doji at $0.0726 suggested indecision, but a follow-through rally above it reinforced control. Key support levels appear at $0.0705 and $0.0725, with resistance at $0.0735 and $0.0750.
Moving Averages
On the 15-minute chart, the 20-period MA was bullish, sitting below price, while the 50-period MA showed mixed signals. Daily MAs (50, 100, 200) were bullish, with price above all three, suggesting a continuation of the longer-term uptrend.
MACD & RSI
MACD showed a positive crossover in the morning, with a rising histogram indicating strengthening bullish momentum. RSI reached overbought territory twice but remained above 50, suggesting sustained buying pressure. A potential overbought divergence was noted in the late evening, but it lacked confirmation.
Bollinger Bands
Bollinger Bands contracted before a sharp reversal in the early afternoon, signaling a potential breakout. Price closed near the upper band, indicating strong volatility and a possible continuation of the upward move.
Volume & Turnover
Volume spiked dramatically in the 7:45–8:00 ET window, with a 15-minute turnover of $8.35 million, coinciding with a sharp $0.0017 rally. This confirmed strong accumulation at key levels. A divergence in volume was observed during the late evening sell-off, suggesting waning bearish conviction.
Fibonacci Retracements
On the 15-minute chart, price found support at the 61.8% retracement level of the $0.0705–$0.0759 swing, reinforcing the idea of a healthy retracement. Daily Fibonacci levels suggested potential resistance at $0.0766 and support at $0.0703.
Price appears to have gathered strength above key support and could test $0.0750 in the next 24 hours, especially if volume remains active. However, a breakdown below $0.0725 could trigger a retest of the $0.0705 level, so investors should monitor the 15-minute RSI for signs of overbought divergence.
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