Market Overview for FIO Protocol (FIOUSDT)

• Price of FIO Protocol rose from 0.0188 at 12:00 ET–1 to 0.01889 at 12:00 ET, forming a bullish pattern around 0.0188–0.0192.
• A major intraday high of 0.01951 at 03:00 ET was followed by consolidation, showing mixed momentum.
• Volume surged during the upward phase, confirming strength but showing divergence near 0.0195.
• RSI hit overbought territory twice, suggesting potential near-term pullback.
• Volatility expanded during the 0.0192–0.0195 rally, followed by a contraction indicating potential consolidation ahead.

Market Overview

FIO Protocol (FIOUSDT) opened at 0.0188 on 2025-08-24 at 12:00 ET–1 and climbed to a high of 0.01951 before settling at 0.01889 at 12:00 ET. The total volume over 24 hours was 37,262,560.0 units, with a notional turnover of approximately $709,588.

Structure & Formations

The price rose above 0.0190 and tested resistance at 0.0192 and 0.0195. A strong bullish engulfing pattern emerged around 0.0193–0.0195, but a long upper wick at 0.01951 indicated rejection. A bearish doji formed at 0.0195, signaling indecision. Support levels appear at 0.0192, 0.0190, and 0.0188.

Moving Averages

On the 15-minute chart, the price is above both the 20-period and 50-period moving averages, indicating a short-term bullish bias. Over the daily chart, the price is testing the 50-day MA and above the 100- and 200-day MAs, supporting a longer-term positive outlook.

MACD & RSI

MACD showed a strong positive crossover at 0.0192 and remained bullish until 0.01951, where it began to flatten. RSI peaked at 69–72 during the rally to 0.0195, entering overbought territory, suggesting potential pullback or consolidation. A bearish divergence appeared between the RSI and price after 0.0195.

Bollinger Bands

Volatility expanded between 0.0192 and 0.01951, with the price reaching the upper band. After forming a high at 0.01951, volatility contracted, with price settling closer to the middle band. This suggests potential consolidation or a short-term reversal.

Volume & Turnover

Volume spiked during the 0.0192–0.0195 rally, particularly during the 0.0193–0.01951 range, confirming the strength of the move. However, after the 0.01951 high, volume dropped sharply, signaling a lack of follow-through buying. A divergence appears between rising price and declining volume after the high, suggesting weakening bullish momentum.

Fibonacci Retracements

Applying Fibonacci to the 0.0188–0.01951 move, price is currently near the 61.8% retracement level at 0.01916–0.0192. A breakdown below 0.01912 (38.2%) could signal a near-term pullback to 0.01895–0.0188.

FIO Protocol may continue to consolidate around 0.0190–0.0192 in the next 24 hours, with a potential retest of 0.0188 if bearish momentum intensifies. Investors should remain cautious of the overbought RSI and bearish divergence in volume.