Biconomy Price Prediction for Today, June 9: BICO/USD Hits $0.24 Resistance

Updated: 27 June 2023

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The Biconomy price prediction reveals that BICO is currently trading bullishly as the coin gets ready for the upward movement.

Biconomy Prediction Statistics Data:

Biconomy price now – $0.24
Biconomy market cap – $139 million
Biconomy circulating supply – 556.4 million
Biconomy total supply – 1 billion
Biconomy Coinmarketcap ranking – #165

BICO/USD Market

Key Levels:

Resistance levels: $0.35, $0.40, $0.45

Support levels: $0.15, $0.10, $0.05

Biconomy Price Prediction for Today, June 9: BICO/USD Hits $0.24 Resistance — BICOUSD – Daily Chart

BICO/USD touches the resistance level of $0.24, after which it couldn’t maintain the trend as the price dropped and stayed trading below the 9-day and 21-day moving averages. However, the price not reflecting toward the upper boundary of the channel ruins the long-term technical picture of the coin. Therefore, the Biconomy price will have to reclaim the resistance level of $0.28 to increase the buying pressure while the closest resistance expects the coin at $0.30, which could be the daily high.

Biconomy Price Prediction: BICO/USD May Extent the Bullish Movement

The Biconomy price is still hovering below the 9-day and 21-day moving averages but any bearish cross below the lower boundary of the channel could bring the coin to the support levels of $0.15, $0.10, and $0.05. From above, a sustained move above the moving averages may create momentum for the bulls with the focus to move the market to the next resistance levels of $0.35, $0.40, and $0.45 respectively.

At the time of writing, the technical indicator Relative Strength Index (14) signal line is likely to cross above the 40-level, which indicates that BICO/USD may continue to trade bullishly. Meanwhile, the 9-day MA may need to cross above the 21-day MA for the buyers to concentrate on stirring action to the north.

When compares with Bitcoin, following the trade for the past few days, bulls have shown a great commitment to BICO trading by following the recent positive sign. Moreover, the current market trend may continue to go up if the buyers can sustain the pressure further.

However, if the bulls succeeded in pushing the coin toward the upper boundary of the channel, it is likely for the coin to reach the resistance level of 1200 SAT and above. On the contrary, a retest could allow the coin to go below the lower boundary of the channel and lower the price to the support level of 650 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) is leaving the oversold region, suggesting a bullish signal into the market.

Biconomy Alternatives

The Biconomy price is currently trading around the $0.24 level as the coin moves to cross above the 9-day and 21-day moving averages. However, if the coin begins the bullish movement, the closest resistance could be located at $0.30. Meanwhile, if the market increases, additional resistance can be found toward the upper boundary of the channel. However, many investors are interested in Wall Street Memes token as the presale is still live. This token eco-friendly token is selling out quickly as it attracts more and more investors. Meanwhile, the token has raised almost $6m in the ongoing presale.

Read more:

New OKX Listing - Wall Street Memes

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