Market Overview for Bio Protocol/Tether (BIOUSDT) – October 7, 2025

• BIOUSDT fell sharply overnight, breaking below prior support with high volume.
• Price action suggests bearish momentum with RSI nearing oversold levels.
• Volatility expanded as price tested a key 0.1320 psychological level.
• Recent 15-minute candles show strong bearish engulfing and continuation patterns.
• Turnover surged at lower levels, signaling potential short-term consolidation or reversal.

BIOUSDT opened at 0.1375 on October 6 at 12:00 ET and closed at 0.1334 by 12:00 ET October 7, hitting a high of 0.1377 and a low of 0.1269. The total 24-hour volume amounted to 42,666,247.5 with a notional turnover of approximately 5,599.83 (based on the 'amount' field). The pair has displayed bearish bias throughout the session.

Structure & Formations

Price has been driven lower over the last 24 hours, with several bearish engulfing patterns and continuation candles emerging below the 0.1350 level. A key support level appears to have formed around 0.1320–0.1330, with volume thickening and price pausing after breaking through this zone. A potential reversal setup is forming as price consolidates in this range, with a doji observed in the 15-minute timeframe, suggesting indecision between buyers and sellers.

Moving Averages

On the 15-minute chart, the price has been below both the 20-period and 50-period moving averages for most of the session, reinforcing the short-term bearish trend. On the daily chart, the 50-period MA continues to act as a dynamic resistance, with the 200-period MA providing a key reference level below 0.1330. The 100-period MA also remains above the current price level, supporting the bearish thesis for now.

MACD & RSI

The MACD has shown bearish divergence with the price, with the histogram shrinking after the sharp drop, suggesting the rate of decline is slowing. The RSI, which initially dropped into oversold territory (below 30), has not yet formed a strong bearish divergence, hinting at potential for a bounce or at least a pause in the downward move. Momentum appears to be waning, but the RSI remains well within the 30–40 range, suggesting a possible short-term rebound could occur.

Bollinger Bands

Bollinger Bands have widened significantly as the price dropped toward the lower band, which currently sits near 0.1269. Price action has been contained within the bands, with the most recent candle closing close to the lower band, suggesting a potential bounce is in play. Volatility remains elevated, but the band contraction has not yet formed, indicating that the current move could continue unless a reversal candle forms at the lower bound.

Volume & Turnover

Volume spiked sharply during the downward move, especially during the hour from 15:15–16:00 ET, where the price dropped from 0.1294 to 0.1279 on a volume of 5,496,869.8. This strong volume during the selloff suggests conviction among bears. However, the volume has since subsided at lower levels, indicating a potential pause. The turnover also rose in line with the volume, showing no clear divergence with price, which supports the idea that the selloff is still driven by genuine bearish sentiment.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from 0.1377 to 0.1269, the 61.8% retracement level currently sits at around 0.1335. Price has tested this level twice, most recently in the 16:00–16:15 ET timeframe, failing to break it decisively. On the daily chart, the 50% retracement level (from previous higher highs) also coincides with this area, reinforcing its significance. A break above 0.1335 could trigger a short-term bounce, but a failure to hold it may signal further declines.

Backtest Hypothesis

Given the current setup and the identified support at 0.1320–0.1335, a backtest strategy could be constructed using a combination of RSI levels and Bollinger Band behavior. A potential entry signal would be triggered when the RSI crosses above 30 and the price forms a bullish engulfing pattern at or near the lower Bollinger Band. A stop-loss could be placed below the most recent 15-minute swing low, while a target could be set at the 61.8% Fibonacci retracement level. This approach aims to capture short-term bounces in a bearish context, leveraging both reversal patterns and momentum indicators.