Biconomy Price Prediction for Today, April 4 – BICO Technical Analysis

The Biconomy price prediction adds a tremendous 9.94% gain, and it is trading around the $0.80 resistance level at the time of writing.

Biconomy Prediction Statistics Data:

• Biconomy price now – $0.80
• Biconomy market cap – $544.9 million
• Biconomy circulating supply – 703.4 million
• Biconomy total supply – 1 billion
• Biconomy Coinmarketcap ranking – #119

BICO/USD Market

Key Levels:

Resistance levels: $1.00, $1.10, $1.20

Support levels: $0.60, $0.50, $0.40

BICO/USD is fetching a decent hike in the last 24 hours, which takes the coin above the resistance level of $0.86 level. The coin is already keeping four straight days of bullish movements. Meanwhile, the Biconomy (BICO) is one of the most emerging coins in the market at the moment, and it is likely to touch $0.90 in the coming days as its next resistance. Therefore, the long-term outlook may continue to be bullish as much as the buyers increase the pressure.

Biconomy Price Prediction: Would Biconomy Keep Moving Higher?

As the daily chart reveals, the Biconomy price is trading above the 9-day and 21-day moving averages within the channel. On the upside, if the price breaks above the upper boundary of the channel and closes above it, BICO/USD may likely continue its uptrend and could reach the resistance levels of $1.00, $1.10, and $1.20.

If the 9-day moving average fails to keep moving above the 21-day moving average, there is a tendency for the bears to return to the market, and this may likely cause the market price to hit the nearest support levels at $0.60, $0.50, and $0.40 respectively. Technically, the 9-day MA may remain above the 21-day MA, suggesting additional bullish signals within the channel.

BICO/BTC Goes Bullishly

Against Bitcoin, the Biconomy price has been moving to the upside as the coin rises above to touch the daily high at 1299 SAT. The recent rise could allow the cryptocurrency to cross above the upper boundary of the channel, which is a promising sign for buyers.

From below, if the bears can break below the moving averages, the critical support could be located at 87- SAT and below. However, the nearest resistance level now lies above the channel. Therefore, any further resistance may hit the potential resistance at 1500 SAT and above, meanwhile, the 9-day moving average crosses above the 21-day moving average which is a promising sign for the bulls as the momentum is on their side.

Nevertheless, @CryptoTisa1 shared insights with his followers on X (formerly Twitter), indicating that $BICO’s strength remains steady, with expectations of a potential 100% upward movement. Additionally, he emphasized the resilience of $BICO amidst market dynamics, suggesting a promising outlook for investors.

$BICO
looking strong … expecting 100% move#BICO #crypto #btc pic.twitter.com/QsqrqcAzS9

— CRYPTO TISA (@CryptoTisa1) April 3, 2024

Biconomy Alternatives

Presently, the Biconomy price lingers near $0.80, indicating an upward trajectory set to surpass the upper channel boundary. Encouraging market trends suggest continued bullish momentum, solidifying Biconomy’s market cap at $544.9 million. Meanwhile, Bitcoin Minetrix, amidst its presale phase, is swiftly gaining momentum, accumulating an impressive $12.8 million. This surge positions it as a formidable competitor with the potential to challenge established cryptocurrencies like Biconomy.

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