BIO Token Soars Amid Whale Accumulation and Strong Technicals
Bio Protocol (BIO) has climbed over 80% this week, signaling robust investor interest. It has hit a six-month peak at $0.186.
A golden cross, where the 50-day MA crosses above the 200-day MA, reinforces the bullish case.Technical indicators like MACD and RSI also point to upward pressure.
Data from crypto.news shows that whales are increasing BIO holdings.Whale wallets now hold 21.94 million,a notable rise from 18.72 million last week. This suggests strong faith in BIO’s potential.
Public figures are joining the trend, holding nearly 7.66 million tokens—up from just 3,900 a week ago. This surge in adoption showcases growing community belief in the project.
- Whale wallets hold 21.94 million BIO tokens
- Public figures hold 7.66 million BIO tokens
BIO’s presence on exchanges has dropped by 11.6%, lowering selling pressure.This scarcity might drive prices higher as traders seek the token.
The recent launch of Bio Protocol’s first BioAgent, Aubrai, ties BIO to tangible biotech applications. This development could propel the token towards its next target—the $0.30 level.
For BIO to maintain its upward trajectory, it must stay above $0.10. If it drops below this point, it could signal a larger correction.
