Bio Protocol Breaks Out of Accumulation, Trades At $0.1497 With Support At $0.1429 and Resistance

BIO trades at $0.1497, up 2.7% in 24h, after breaking out of its long-term accumulation range.

The token holds support at $0.1429 while resistance stands at $0.1725, defining the immediate trading zone.

BIO gained 3.0% against BTC and 0.9% against ETH, reflecting strength beyond its USDT pair.

Bio Protocol (BIO) has pulled out of a lengthy consolidation phase, trading above crucial accumulation positions. At the moment, the price of this token is $0.1497, and it has grown by 2.7% over the past 24 hours. This action follows several months of trying to go sideways within a very clear range by BIO. The recent breakout highlights the significance of the new trading zone as the market transitions into the next phase of activity.

BIO Holds Support as Breakout Momentum Extends Across Major Pairs

At present, BIO is holding above a support level of $0.1429, which was previously part of its consolidation floor. This level now serves as an important price area where buyers have been active. On the other hand, the top coin encounters a resistance at the point of $0.1725, which is an area of resistances in the short-run. Importantly, the breakout has introduced BIO to a different range between support and resistance, creating bounds to short-term trading patterns.

Alongside its movement in USDT terms, BIO has also gained against major trading pairs. Against Bitcoin, BIO has advanced 3.0% to 0.051319 BTC, while it has also added 0.9% against Ethereum, reaching 0.00003481 ETH. These relative gains further emphasize the importance of the breakout beyond the USDT pair. With trading momentum extending across different pairings, market participants remain focused on how BIO behaves around its immediate resistance.

Chart Structure and Key Observations

The daily chart highlights the breakout from the shaded accumulation region, which contained price action since early March. BIO has now established itself above this zone, trading in higher territory for the first time in months

Namely, the closest point of inspection is at 0.1725, with the current support at 0.1429 serving as a fall back mechanism in the event of a pullback move. This transaction denotes that a powerful rotation in the price has taken place, and the asset is no longer trapped in its decades-old trend range.