#打榜优质内容# The BIO price has formed a golden cross, can whale buying push it to a rally up to $0.30?

The price of BIO looks set to confirm a golden cross, with whales continuing to accumulate. Can it rally to $0.30 in the next few weeks?
Bio Protocol has surged over 80% in the past week and reached a six-month high today.
Large investors and well-known figures continue to invest in BIO.
A golden cross has formed on the daily chart, supported by other bullish technical indicators.
Data shows that Bio Protocol (BIO) has rallied over 80% in the past 7 days, with a trading price of $0.186, reaching its highest level in six months. As of the time of writing, its monthly increase is 175%, while the year-to-date increase exceeds 340%.
The BIO cryptocurrency is experiencing a rally as whales and celebrities show strong demand for the token.
According to data from the blockchain analysis platform Nansen, the token balance held by Whale wallets has increased to 21.94 million, up from 18.72 million recorded 7 days ago, and significantly higher than the 2.03 million a month ago. This strong accumulation by whales is often seen as a vote of confidence in the token's prospects, creating a feedback loop that attracts retail investors and drives further price increases.
The balance held by public figures has increased from approximately 3,900 tokens a week ago to 7.66 million. BIO tokens have also gained attention as the exchange balance has decreased by 11.6%, from 471 million on August 15 to slightly above 414 million at the time of writing. A decrease in exchange balance typically indicates that investors are transferring tokens to their own wallets, thereby reducing the available supply on trading platforms. This could lessen selling pressure and potentially support further price increases. A recent catalyst that may have driven the token up is the launch of the first BioAgent, Aubrai, by Bio Protocol on August 21. This debut connects the utility of BIO with real biotechnology applications, enhancing the demand for the token.
The price of BIO has formed a golden cross. Since early March, the price of BIO has been consolidating in the range of $0.040–$0.100. In August, it broke through this accumulation range after confirming a double bottom pattern on the daily chart—this is a pattern usually associated with trend reversals and renewed buying momentum. After breaking through the multi-month accumulation range on the daily chart, the price of BIO formed a golden cross.
The breakout received support from the occurrence of the golden cross, as the 50-day simple moving average crossed above the 200-day moving average. This signal is typically seen as a strong indicator of sustained bullish momentum. Supporting indicators like MACD and RSI are also rising, highlighting the strength of the ongoing rally.
From a technical perspective, the next key upward target is located near the psychological level of $0.30, which also aligns with the 1.618 Fibonacci extension. Entering this area would represent an additional 67% increase from the current price level. However, if bullish momentum weakens, a decisive drop below the $0.10 psychological level (closely related to the 38.2% Fibonacci retracement) would invalidate this bullish pattern and suggest a deeper correction may occur.