BIO/USDT Technical Analysis
Bio Protocol continues to expand its “DeSci” solutions on the blockchain, aiming to support scientific research. Recently, the BIO token was integrated into the Coinbase x402 protocol, and large investors have been accumulating BIO during the recent pullback. These developments strengthen the perception that BIO is not just another crypto asset, but a platform with real utility in scientific research.
Analyzing the chart on a daily time frame, we see that BIO is still forming the handle of its long-standing cup pattern. Although the current price is around $0.0722, the most important zone for the structure remains the $0.1148–$0.1200 area. This is the lower boundary of the handle and the key level that keeps the formation valid.The price has been moving sideways for months between $0.11–$0.18, creating a tight and stable handle. As long as BIO stays in this range, the larger pattern remains active and the potential for an upside breakout stays alive.The critical breakout point is $0.1874. A strong move above this level could accelerate the trend significantly.
If a breakout occurs, the first target on the chart is $0.2690. Above that, the $0.3059–$0.3700 zone acts as a broader resistance area. Clearing this region would activate the technical target of the cup-and-handle formation at $0.4554. Over the longer term, the structure even opens the door toward $0.6184.
On the other hand, $0.1148 remains the key support. A breakdown below this level would damage the handle formation and could push the price down toward $0.0771.
Summary
- BIO is still maintaining its larger cup formation.
- The handle structure is clear and remains constructive.
- A close above $0.1874 would confirm the breakout.
- Mid- to long-term targets remain strong.
- The formation stays valid as long as the price holds above $0.1148.
These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Morover, it is highly recommended to use stop loss (SL) during trades.
