Biconomy Price Prediction for Today, January 17 – BICO Technical Analysis

Updated: 17 January 2024

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The Biconomy price prediction begins a progressive movement as the price moves to cross above the moving averages.

Biconomy Prediction Statistics Data:

Biconomy price now – $0.37
Biconomy market cap – $247.3 million
Biconomy circulating supply – 627.3 million
Biconomy total supply – 1 billion
Biconomy Coinmarketcap ranking – #181

BICO/USD Market

Key Levels:

Resistance levels: $0.48, $0.50, $0.52

Support levels: $0.27, $0.25, $0.23

Biconomy Price Prediction for Today, January 17 – BICO Technical Analysis — BICOUSD – Daily Chart

BICO/USD is moving to cross above the 9-day and 21-day moving averages as the coin moves bullishly. However, the $0.36 support level is the nearest support where the price touched today. Meanwhile, the Biconomy price has earlier trades around this level before making an upward movement and this makes the support level a strong support zone.

Biconomy Price Prediction: Biconomy May Head to the Upside

The Biconomy price is likely to gain more if the bulls could defend the resistance level of $0.39 level; the coin may continue its upward movement by heading toward the upper boundary of the channel. However, if the coin touches the nearest resistance level of $ 0.45, any further bullish movement may locate the potential resistance levels of $0.48, $0.50, and $0.52.

Nevertheless, as revealed by the daily chart, the current prediction may be invalidated should the bears bring the coin below the $0.30 level, and the Biconomy price may fall to the low of $0.27, $0.25, and $0.23 support levels. Moreover, the 9-day moving average may need to cross above the 21-day moving average, which could suggest additional bullish movements.

BICO/BTC Trades Bullishly

Against Bitcoin, the Biconomy price is currently hovering above the 9-day and 21-day moving averages to face the upper boundary of the channel. However, the red line of the 9-day moving average may likely make a bullish cross above the green line of the 21-day moving average which could allow the coin to touch the nearest resistance of 1000 SAT.

Therefore, if the buyers could push the price above the mentioned resistance, higher resistance could be located at 1100 and above. Moreover, should the bulls fail to move the coin upward, the nearest support level could be located at 650 SAT and below. Moreover, the bulls may need to increase the buying pressure for them to dominate the market.

Biconomy Alternatives

Biconomy is presently valued at approximately $0.41, signaling an encouraging upward trajectory as it aims to face the upper boundary of its current channel. The prevailing market trends suggest a likelihood of the Biconomy price staying above the moving averages, sustaining its bullish momentum. Meanwhile, in the face of optimistic expectations, the potential for a continued upward surge appears plausible, especially if bullish pressures intensify, propelling the coin higher.

In the current landscape, the well-established Biconomy coin holds a robust market cap of $247.3 million, affirming its strong position. Contrastingly, the Bitcoin Minetrix token is carving its path, amassing an impressive $8.6 million during its ongoing presale phase. While Biconomy (BICO) maintains its resilience with a solid foundation, the Bitcoin Minetrix token emerges as a promising force, positioning itself as a formidable contender. With the potential to surpass established cryptocurrencies like Biconomy, Bitcoin Minetrix is making significant strides in the crypto arena.

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