Date: Sat, Sept 20, 2025 | 06:50 AM GMT
The cryptocurrency market is seeing a sharp retracement from its Fed-driven surge, with Bitcoin (BTC) and Ethereum (ETH) both trading in red with over a 1% drop. However, several altcoins are bucking the trend, including Bio Protocol (BIO).
BIO has surged more than 15% in the past 24 hours, fueled by whale accumulation. More importantly, the chart is now flashing a breakout signal that could set the stage for further upside.
Ascending Triangle Breakout in Focus
On the daily chart, BIO had been consolidating inside an ascending triangle, a bullish continuation pattern characterized by a series of higher lows pressing against a flat resistance. The neckline stood firm near $0.1893, capping multiple attempts by buyers to break higher.
Today, bulls decisively pushed BIO above this resistance, taking it to a high of $0.2010. This move marks a confirmed breakout, signaling renewed buyer strength and shifting sentiment in favor of further gains.
What’s Next for BIO?
From the current level around $0.1973, BIO may first attempt a retest of the breakout zone near $0.1893. Such retests are common after breakouts and often provide confirmation of new support. If this retest holds, buyers could regain momentum, setting BIO on track for the next technical target at $0.2498 — a potential 33% move from here.
On the flip side, if BIO fails to sustain above the $0.1893 level and slips back below it, the bullish structure would be invalidated, opening the door for a deeper pullback.
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