Biconomy Price Prediction for Today, June 23: BICO/USD Keeps Moving Higher as Price Touches $0.288

Updated: 27 June 2023

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The Biconomy price prediction adds a tremendous 14.37% gain, and at the time of writing, it is trading around the $0.270 resistance level.

Biconomy Prediction Statistics Data:

Biconomy price now – $0.270
Biconomy market cap – $153 million
Biconomy circulating supply – 568.9 million
Biconomy total supply – 1 billion
Biconomy Coinmarketcap ranking – #155

BICO/USD Market

Key Levels:

Resistance levels: $0.350, $0.370, $0.390

Support levels: $0.200, $0.180, $0.160

Biconomy Price Prediction for Today, June 22: BICO/USD Keeps Moving Higher as Price Touches $0.288 — BICOUSD – Daily Chart

BICO/USD is fetching a decent hike in the last 24 hours, which takes the coin above the resistance level of $0.285 level. The coin is already keeping three straight days of bullish movements. Meanwhile, BICO/USD is one of the most emerging coins in the market at the moment, and it is likely to touch $0.300 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 Gain More Upsides?

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 $0.350, $0.370, and $0.390.

On the contrary, if the technical indicator failed to cross above the 60-level, 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 $0.200, $0.180, and $160 respectively. Technically, the Relative Strength Index (14) is likely to cross above the 60-level, suggesting additional bullish signals.

Against Bitcoin, the Biconomy price has been moving northwards as the coin crosses above the 9-day and 21-day moving averages. The recent rise could allow the cryptocurrency to break above the upper boundary of the channel, which is a promising sign for buyers.

From below, if the bears break below the lower boundary of the channel, the critical support could be located at 600 SAT and below. However, the nearest resistance level now lies above the channel. Therefore, further resistance could be found at 1100 SAT and above. Meanwhile, the Relative Strength Index (14) is moving to cross above the 50-level which is a promising sign for the bulls as the momentum is on their side.

Alternatives to Biconomy

The Biconomy price touches the resistance level of $0.28, after which it couldn’t maintain the trend, retreating toward the 9-day and 21-day moving averages. However, if the price fail to reflect toward the upper boundary of the channel, it could ruin the long-term technical picture of the coin.

Meanwhile, despite these encouraging events for the Wall Street Memes presale, the research shows that the token’s success will primarily be driven by the strength of its community. Meanwhile, given Wall Street Memes’ close ties to the WallStreetBets subreddit, the project is in a great position to leverage this engaged base of retail investors as almost $10 million in the ongoing presale.

Read more:

New OKX Listing - Wall Street Memes

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