The Biconomy price prediction may begin to follow the bullish movement, therefore, if the price rises further, the coin may create additional gains.
Biconomy Prediction Statistics Data:
- Biconomy price now – $0.38
- Biconomy market cap – $200.5 million
- Biconomy circulating supply – 525.1 million
- Biconomy Coinmarketcap ranking – #159
Resistance levels: $0.45, $0.50, $0.55
Support levels: $0.30, $0.25, $0.20
BICO/USD is currently trading around the $0.38 level as the coin crosses above the 9-day moving average. If the coin maintains the bullish movement, the closest resistance could be located at $0.40. Meanwhile, if the market increases, additional resistance can be found above the upper boundary of the channel.
Biconomy Price Prediction: BICO/USD May Go Bullish
As revealed by the daily chart, it is obvious that the Biconomy price may likely create more bullish trends once the sideways movement fades away, and this is noticeable for the technical indicator Relative Strength Index (14) as the signal line moves to cross above the upper boundary of the channel.
At the time of writing, the Biconomy market keeps rebounding from the daily low of $0.35; meanwhile, any bearish movement below the daily low could lead the coin to a serious downtrend towards the lower boundary of the channel. However, the support levels for the coin may be located at $0.30, $0.25, and $0.20, while the resistance levels lie at $0.45, $0.50, and $0.55 respectively.
Against Bitcoin, the Biconomy price is also heading toward the upside. The resistance is set at 1500 SAT because the market price is likely to cross above the 9-day and 21-day moving averages. However, the price may continue to follow the bullish movement as the technical indicator Relative Strength Index (14) crosses above the 40-level.
Nevertheless, if BICO/BTC head toward the south, it may likely hit the support level at 950 SAT and below. Moreover, any bullish cross above the upper boundary of the channel may allow the market to form a new upward trend and could reach the potential resistance at 1600 SAT and above.
Alternatives to Biconomy
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