BIO has fallen 5.51% in the past 24 hours, but there are some interesting technical aspects worth paying attention to.
First, let's look at the positive signals. The MACD has recently shown a bullish crossover, which typically indicates that upward momentum may be about to start. The RSI6 is currently at 54.87, suggesting that short-term buying pressure still exists, and a continued price increase is possible. There are also discussions in the community, believing that after liquidity sweeps, a bullish breakout pattern might form.
However, the actual fund flow is sending a different signal. In the past two hours, this asset experienced significant outflows of 153,551 USDT and 66,063 USDT, indicating considerable selling pressure in the market. From the moving averages, the 7-period EMA (0.04268) is still below the 25-period moving average (0.04294), suggesting that the short-term trend remains weak.
So, the current situation is somewhat conflicted—technical indicators hint at a possible rebound, but fund flow and price action are still exerting downward pressure. This mixed market sentiment requires continued monitoring; only once a clear breakout occurs can the strength of a reversal be confirmed.
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CrossChainBreather
· 6h ago
Funds are all fleeing, and the indicators are still dreaming... This wave of BIO is a bit awkward.
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LuckyBlindCat
· 13h ago
Still bullish despite such a strong capital outflow, it's purely like rowing a boat and seeking the sword.
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BearMarketGardener
· 13h ago
Funds are moving, indicators are deceiving. Don't trust that MACD stuff.
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BridgeNomad
· 13h ago
ngl the capital outflows kinda scream counterparty risk here... macd looks nice on paper but those 153k usdt dumps tell the real story, seen this pattern before when liquidity fragmented across chains. ema still underwater = trust assumptions getting tested. wait for actual breakout confirmation fr
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FOMOrektGuy
· 13h ago
Indicators are playing tricks, funds are telling the truth, this is the current awkward situation of BIO.
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MidnightTrader
· 13h ago
With such a strong capital outflow, even a technically perfect setup is useless.
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SocialFiQueen
· 13h ago
Capital outflow is so fierce; even a beautiful MACD is useless
It's that kind of paper bullishness, but in reality, selling pressure is pressing down
Let's wait until a real breakout; for now, it's better to stay on the sidelines
MACD bullish crossover? Let's see what the funds are saying...
RSI looks comfortable, but unfortunately, there's an outflow of over 200,000 USDT in two hours, which is outrageous
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ServantOfSatoshi
· 13h ago
Once again, it's the same old trick of technical analysis bullish and capital flow bearish. This wave of BIO's market is indeed a bit exhausting.
BIO has fallen 5.51% in the past 24 hours, but there are some interesting technical aspects worth paying attention to.
First, let's look at the positive signals. The MACD has recently shown a bullish crossover, which typically indicates that upward momentum may be about to start. The RSI6 is currently at 54.87, suggesting that short-term buying pressure still exists, and a continued price increase is possible. There are also discussions in the community, believing that after liquidity sweeps, a bullish breakout pattern might form.
However, the actual fund flow is sending a different signal. In the past two hours, this asset experienced significant outflows of 153,551 USDT and 66,063 USDT, indicating considerable selling pressure in the market. From the moving averages, the 7-period EMA (0.04268) is still below the 25-period moving average (0.04294), suggesting that the short-term trend remains weak.
So, the current situation is somewhat conflicted—technical indicators hint at a possible rebound, but fund flow and price action are still exerting downward pressure. This mixed market sentiment requires continued monitoring; only once a clear breakout occurs can the strength of a reversal be confirmed.