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Bio Protocol hits 6-month high as harmonic pattern signals further upside

  • Bio Protocol funds $80K brain health trial, earning CLAW royalty tokens.
  • Staked BIO tokens rise to 125M, tightening supply and boosting demand.
  • Harmonic chart pattern signals a possible BIO price rally toward $0.1787.

The Bio Protocol (BIO) token has regained strong momentum after a sharp pullback earlier this month, climbing to a six-month high of $0.1514 before settling near $0.138.

The recovery follows a string of bullish catalysts, ranging from real-world biotech partnerships to a surge in staking activity, while traders are now watching technical signals that hint at further upside.

BIO price recovery sparks fresh momentum

After dropping to $0.0962 during the recent correction, BIO has staged an impressive rebound of more than 50% in a matter of days.

The strong recovery comes at a time when the broader crypto market has been under selling pressure, yet Bio Protocol has managed to move against the trend.

At press time, the token was trading nearly 100% higher on the month, underscoring its growing resilience.

Trading activity has also intensified. Daily volumes have spiked by more than 700% last week, crossing $440 million as new investors piled in.

This sharp increase in liquidity has strengthened confidence that BIO’s market depth is improving, making it more attractive for both retail and institutional traders.

Clinical trial funding lifts sentiment

One of the strongest drivers of BIO’s price rally has been the announcement of its first major biotech initiative.

Through its partner Cerebrum DAO, the Bio Protocol community approved $80,000 in funding for a Phase 2 human clinical trial of Percepta, a supplement targeting memory loss and neurodegeneration.

The deal not only gives Bio Protocol direct exposure to real-world biotech outcomes but also provides it with CLAW tokens.

These tokens are tied to royalties from Percepta sales, creating a potential revenue-sharing model that sets BIO apart from other speculative altcoins.

Investors see this as a sign that the project is delivering on its promise to link decentralised finance with biotech innovation.

BIO token staking reduces supply pressure

Another factor supporting BIO’s price is the steady growth in token staking.

The amount of staked BIO tokens has climbed to 125 million, representing about 3.5% of the circulating supply.

This is a significant jump from 25 million staked tokens earlier in August.

By staking, holders earn BioXP, which provides access to new ecosystem assets such as CLAW. More importantly, staking reduces the liquid supply on exchanges.

As a result, when demand rises, the price impact is magnified. Traders are already drawing comparisons to earlier DeFi tokens where similar dynamics sparked explosive rallies.

Technical setup points to higher targets

From a technical perspective, BIO has cleared several key resistance levels. It moved above the 7-day simple moving average at $0.116 and broke through the 23.6% Fibonacci retracement at $0.128.

The next resistance sits near $0.145, with momentum indicators suggesting strong buying pressure despite a relative strength index that hovers near overbought territory.

Adding to this outlook, analysts have identified a harmonic ABCD pattern unfolding on the 4-hour chart.

Bio Protocol price analysis

The harmonic ABCD pattern began with a rally from $0.0559 to $0.0956 before retracing and launching into a bullish CD-leg.

The extension of this structure projects an upside target near $0.1800, which traders are closely monitoring as the next profit-taking zone.

Bio Protocol price outlook remains cautiously bullish

While the harmonic setup points to further upside, traders remain alert to the possibility of consolidation.

A failure to hold above the 50-period moving average, currently near $0.1159, could open the door to short-term corrections.

Still, the combination of real-world utility, staking-driven scarcity, and a favourable technical structure has left sentiment firmly bullish.

Bio Protocol’s six-month high marks an important milestone for a token launched less than a year ago.

But whether it can sustain this rally will depend on both the outcome of the Percepta trial and the broader adoption of decentralised science models.

The post Bio Protocol hits 6-month high as harmonic pattern signals further upside appeared first on CoinJournal.

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XRP price forecast points to a possible 777% surge to $28

  • XRP could potentially rise from around $3 to $28, representing a 777% increase.
  • Financial institutions are increasingly adopting XRP for cross-border payments.
  • The projected surge depends on favorable market conditions and continued adoption.

XRP is once again at the centre of market discussions after crypto strategist @egragcrypto shared a prediction suggesting the token could rally by as much as 777%, potentially reaching $28.

The digital asset, currently trading at around $3.01, has attracted renewed attention from both investors and analysts across global markets.

XRP price
Source: CoinMarketCap

This projection comes against a backdrop of historical price cycles, ongoing legal clarity from Ripple’s battle with the US Securities and Exchange Commission (SEC), and increasing institutional adoption of blockchain-based settlement solutions.

The combination of technical chart patterns and real-world developments is driving speculation on whether XRP can repeat its past performance and set new all-time highs.

XRP cycles show patterns behind $28 forecast

According to the analysis, XRP’s price history reveals three distinct cycles. The first, during the 2017–2018 boom, saw the token move from just a few cents to over $3.00 before the wider crypto market collapsed.

The second occurred between 2020 and 2021, when XRP staged a strong rebound despite Ripple being caught in an SEC lawsuit.

Egrag’s cycle analysis now points to a potential third phase. XRP has been consolidating near multi-year highs, with the 777% target at $28.16 projected if the historical pattern plays out once again.

The forecast has spread widely across social media, with the tweet by @egragcrypto fuelling further debate among market watchers and crypto traders worldwide.

Ripple’s legal win and institutional partnerships

Momentum around XRP has also been supported by developments outside of charts. A key turning point came in 2023, when Ripple secured a partial court victory against the SEC.

The ruling determined that XRP was not considered a security when traded on exchanges, removing a major source of regulatory uncertainty. This outcome provided banks and institutions with the confidence to engage with the token, reviving its role as a settlement asset.

Ripple has since expanded its network of financial partnerships across global markets, with institutions exploring XRP’s potential for cross-border payments.

Despite challenges, XRP has consistently maintained its place in the top 10 cryptocurrencies by market capitalisation. At present, the token is up roughly 1.66% today, with trading volumes reflecting solid interest from both retail and institutional investors.

XRP prediction requires favourable conditions

While the 777% projection to $28 has gained attention, analysts note that such a move would require favourable conditions, including wider crypto market growth, regulatory stability, and continued adoption by financial institutions.

The size of the rally means that the prediction remains highly ambitious, but XRP’s resilience has kept it in the spotlight.

Sustained performance in trading volumes, combined with XRP’s ability to maintain relevance despite legal hurdles, has encouraged closer monitoring of the asset.

Whether or not the cycle analysis proves accurate, XRP continues to demonstrate significant staying power in an evolving global cryptocurrency market that is increasingly shaped by institutional participation and long-term investor interest worldwide.

The post XRP price forecast points to a possible 777% surge to $28 appeared first on CoinJournal.

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Bitcoin sees strong accumulation despite BTC price pullback

  • Bitcoin price is near $115,300 after bouncing off lows of $114k.
  • Despite sharp declines this past week, BTC is seeing robust accumulation.
  • Onchain data suggests aggressive whale buying.

Bitcoin (BTC) price hovers around $115,300 in early trading on August 19, 2025, but despite the pullback that includes a dip to lows of $114k, the benchmark digital asset is witnessing robust accumulation.

While on-chain data suggests whales are aggressively buying, technical analyses signal bullish support above the psychological $110k.

Notably, BTC price reached its all-time peak above $124k on Aug. 14.

Whales scoop Bitcoin on the cheap

As noted, on-chain data shows bulls have used the sharp price decline in the past few days to buy Bitcoin.

The overall trend, as analysts from CryptoQuant show, is that accumulation is on the up.

Crypto analyst Axel Adler Jr notes in a post on X that there’s been a significant shift in Bitcoin’s exchange netflow.

Per the CryptoQuant on-chain and macro analyst, the 30-day moving average of net outflow has jumped from -1.7K to -3.4k Bitcoin per day, which suggests that coins are exiting centralised exchanges at an accelerated rate compared to sales.

This accumulation, against a backdrop of Bitcoin’s price drop to lows of $114k, speaks to bulls’ strong long-term conviction.

In any case, a divergence between net outflows and price decline has historically pointed to a bullish reversal.

“Against the backdrop of price decline, we see strengthening net outflow: the Exchange Netflow-30D moving average became more negative from -1.7K to -3.4K BTC/day. This means coins on CEX exchanges are being bought faster than they are being sold. Such a shift in a falling market is a bullish divergence, where participants are using the drawdown to buy back coins,” Adler Jr. said.

Santiment’s onchain analytics also point to this trend. Notably, top whales and sharks have continued to accumulate even amid the mild dip.

With BTC prices dropping more than 6% since its peak, wallets within the 10-10K range have scooped more than 20,061 BTC.

“When we zoom out, this same group of key stakeholders has added 225,320 Bitcoin going back to March 22nd. There has been notable correlation between this group’s holdings and the direction of future price movement for the majority of the past five years,” Santiment noted.

What’s the Bitcoin price outlook?

Bitcoin’s price technical picture shows BTC lies within the broad range of support at $112k and resistance at $120k.

Although panic selling in recent weeks has some holders in a downbeat mood, CryptoQuant says they may be dumping at a loss.

“This loss-selling event becomes a critical barometer of market health. If absorbed quickly, it could mirror past resets that fueled strong rebounds. If not, it risks signalling a momentum breakdown,” noted crypto analyst Kerem.

With on-chain data indicating strong accumulation and technical indicators supporting a bullish outlook, BTC remains largely bullish.

The post Bitcoin sees strong accumulation despite BTC price pullback appeared first on CoinJournal.

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Morphware (XMW) price pumped 450% and dumped immediately: what happened?

  • UAE investment news and Reuters coverage sparked a rapid Morphware (XMW) rally.
  • Low liquidity and profit-taking fueled a sharp price reversal.
  • Contract risks and cautious sentiment have kept volatility high.

The price of the Morphware (XMW) token jumped 450% earlier today, reaching a high of $0.2501 according to Coingecko, before erasing all the gains to trade at $0.04353 at the time of writing.

The sudden pump-and-dump unfolded within hours, leaving traders scrambling for answers.

Morphware (XMW) price chart

Here’s a closer look at what triggered the move, why it collapsed, and what comes next for XMW holders.

What caused the surge?

The rally was sparked by Morphware’s announcements earlier this week.

On August 12, the team revealed that a leading UAE investment firm had committed funds to its AI infrastructure and mining operations.

The following day, the news was picked up by Reuters as a press release, bringing mainstream visibility to the project’s expansion into the UAE.

This combination of social media hype and media coverage fueled a rush of speculative buying.

The headlines not only attracted existing crypto traders but also drew in new investors who had never tracked Morphware before.

Why the rally collapsed

Despite the explosive move, the rally was unsustainable. The first reason was liquidity.

Morphware’s 24-hour trading volume stood at just $241,276, far too low to support a rapid surge in valuation.

As a result, even modest buying pressure was enough to send the price skyrocketing, and a relatively small wave of sell orders triggered the collapse.

Second, speculative momentum quickly gave way to profit-taking.

Traders who entered early rushed to lock in gains, while others, alarmed by the pace of the spike, chose to exit before the inevitable correction.

Finally, lingering concerns around the project’s contract added to the selloff.

Risk trackers have warned that the contract creator retains significant privileges, including the ability to change fees, mint tokens, or even disable sales.

Fundamentals versus volatility

Morphware has promoted itself as more than just a token play.

The company emphasises its enterprise AI services powered by NVIDIA B200 and H200 GPUs, hydroelectric-powered data centres at Itaipu, and an integrated Bitcoin-mining operation that leverages surplus renewable energy.

XMW is positioned as a utility and governance token supporting these services, with revenue drawn from both AI operations and Bitcoin mining.

While these fundamentals create a compelling long-term narrative, they do not explain the extreme intraday volatility that traders experienced today.

Risk signals traders are watching

Morphware supporters have pointed to a reported $600,000 buyback, with tokens locked for ten years, as evidence of strong conviction from the team.

However, sceptics argued that the token’s centralisation risks outweighed such commitments.

Morphware price outlook

Morphware’s spike-and-crash highlights how quickly sentiment can shift in thinly traded markets.

A wave of hype can send prices soaring, but without liquidity and transparency, those gains can vanish in minutes.

For now, XMW remains a highly speculative token, and traders will need to balance the project’s long-term ambitions with the risks of short-term volatility.

Going forward, traders should keep a close eye on on-chain movements, order book depth, and any administrative changes to the contract.

The traders could also watch for follow-up announcements from Morphware regarding its UAE expansion and whether the locked buybacks remain verifiable.

The post Morphware (XMW) price pumped 450% and dumped immediately: what happened? appeared first on CoinJournal.