Biconomy Price Prediction for Today, October 19

Biconomy Price Prediction for Today, October 19 – BICO Technical Analysis

Updated: 19 October 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Biconomy price prediction begins a progressive movement as the market price moves to cross above the 9-day moving average.

Biconomy Prediction Statistics Data:

Biconomy price now – $0.20
Biconomy market cap – $135.4 million
Biconomy circulating supply – 666.9 million
Biconomy total supply – 1 billion
Biconomy Coinmarketcap ranking – #166

BICO/USD Market

Key Levels:

Resistance levels: $0.25, $0.27, $0.29

Support levels: $0.16, $0.14, $0.12

Biconomy Price Prediction for Today, October 19 – 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 $0.19 level is the critical 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 Could Move to the Upside?

The Biconomy price is likely to gain more if the bulls can defend the resistance level of $0.20 level; the coin may continue its upward movement by breaking above the 21-day moving average after crossing above the 9-day moving average. Therefore, any further bullish movement may take the coin to the potential resistance levels of $0.25, $0.27, and $0.29.

However, as revealed by the daily chart, the current prediction may be invalidated should the bears bring the coin below the $0.19 level, and the Biconomy price may fall to the low of $0.16, $0.14, and $0.12 support levels. Moreover, the 9-day MA may need to cross above the 21-day MA; which could suggest more bullish movements.

BICO/BTC Trades Bearishly

Against Bitcoin, the Biconomy price is currently trading below the 9-day and 21-day moving averages to cross below the lower boundary of the channel. However, the red line of the 9-day moving average remains below the green line of the 21-day moving average which could allow the coin to touch the nearest support at 650 SAT.

Therefore, if the buyers could push the price above the moving averages; higher resistance could be located at 850 and above. On the other hand, should bulls fail to move the coin upward, the nearest support level could be located at 550 SAT and below.

Biconomy Alternatives

The Biconomy price is currently ranging around $0.20, and it is likely to climb above the 9-day and 21-day moving averages. At the moment, BICO/USD keeps moving sideways, as the coin is struggling below the moving averages. However, the coin may head to the upside if the bulls increase the pressure.

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