The biological protocol climbs 131 % a week: but traders fear this retreat area star-news.press/wp

Main meals

Biomocol prices have broken the main resistance levels during the past three weeks. The failure indicated a breach of $ 0.268 in the first attempt to a possible decline in the support zone of 0.151-0.175 dollars.

BIO (BIO) protocol gathered 131 % last week and was 14.2 % over the past 24 hours, at the time of the press. The symbol faced a decline in the resistance level of $ 0.268, but the upments of the higher timeline remained optimistic.

In other news, the bio protocol agreed to Initial conditions To finance the expansion of human clinical experience. The study, which was conducted on the effect of brain health supplement products on humans.

Rally is preparing, but signs of fatigue appear

Source: BIO/USDT on TradingView

In the time frame for one day, BIO has held her bi -up to nearly two weeks ago. It started moving over a local height at $ 0.08 on August 7, starting the current gathering.

The trading volume remains high, and OBV is reflected to go up to August. The relative force index moved to the peak purchase area near 74, confirming the upscale momentum.

Historically, when RSI 80 crossed the CV recovery. Another like this was possible. Indeed, the past 24 hours of trading witnessed that vital prices are rejected by the resistance level of $ 0.268.

How deep is the vital recovery?

Source: BIO/USDT on TradingView

A set of Fibonacci’s re -imitation levels have been drawn on 4 hours using the last gathering from $ 0.12 to $ 0.264. It showed that 61.8 % levels and 78.6 % were at $ 0.176 and $ 0.151, respectively.

During the next few days, moving averages can be a dynamic support. Thus, traders who want to buy BIO can monitor the 0.151 area to $ 0.175.

Heat map groups reveal short -term goals

source: Coinglass

The two-week filtering heat map showed small groups of liquidity at $ 0.21 -0.216 dollars and $ 0.255. These will be short -term goals. Bitcoin (BTC) correction can send less than $ 115,000 vital prices.

In this scenario, the magnetic region can decrease at $ 0.18, which was dense of the nearby pockets, low prices.

If BTC is able to rise during the weekend, this may strengthen feelings at the market level and also help biotic bulls.

Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer