BIO Token May Hit $0.30 soon After Whale Backing and Golden Cross Formation
Bio Protocol’s BIO token surged over 80% last week, reaching its six-month high. Whales and notable individuals are actively accumulating the asset.
A major sign is the golden cross on the daily chart, indicating strong bullish sentiment. With its price climbing steadily, BIO may soon reach $0.30.
- Data shows whale wallets now hold 21.94 million BIO tokens, up from 18.72 million a week ago.
- public figures’ BIO holdings spiked to 7.66 million from just 3,900 tokens a week earlier.
- Exchange balances fell 11.6%, suggesting investors are storing tokens privately.
The launch of Aubrai, Bio Protocol’s first BioAgent, may have fueled this interest. It connects BIO to real-world biotech uses, increasing utility.
Since March, BIO traded between $0.040 and $0.100. A breakout happened in August, confirming a double-bottom pattern that signals a trend reversal.
Following the golden cross—with the 50-day moving average crossing the 200-day average—technical signs indicate sustained growth. The MACD and RSI are trending upward, supporting this view.
Analysts see $0.30 as the next big step for BIO, which represents a 67% rise from current prices. But caution remains; a fall below $0.10 could signal a deeper correction.
